Builders FirstSource (NYSE:BLDR) Rating Lowered to Hold at StockNews.com

Builders FirstSource (NYSE:BLDR) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

BLDR has been the subject of a number of other research reports. Barclays lifted their price target on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Oppenheimer reiterated an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. Bank of America increased their price target on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. DA Davidson lifted their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $208.75.

Builders FirstSource Price Performance

NYSE:BLDR opened at $154.10 on Monday. Builders FirstSource has a 52-week low of $130.75 and a 52-week high of $214.70. The company has a market cap of $17.73 billion, a P/E ratio of 15.05, a P/E/G ratio of 0.96 and a beta of 2.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock’s 50-day simple moving average is $165.49 and its 200 day simple moving average is $169.09.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the firm earned $4.24 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the transaction, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds have recently bought and sold shares of the company. Mountaineer Partners Management LLC acquired a new position in shares of Builders FirstSource during the 3rd quarter worth $2,099,877,000. FMR LLC grew its position in Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Builders FirstSource by 23.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after acquiring an additional 277,897 shares in the last quarter. Baillie Gifford & Co. bought a new position in shares of Builders FirstSource in the third quarter worth about $267,132,000. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $255,867,000. 95.53% of the stock is owned by institutional investors.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.