Builders FirstSource (NASDAQ:BLDR) Lowered to Sell at ValuEngine

Builders FirstSource (NASDAQ:BLDR) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, ValuEngine reports.

BLDR has been the topic of a number of other research reports. BidaskClub upgraded shares of Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 26th. Zacks Investment Research cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Buckingham Research boosted their price objective on shares of Builders FirstSource from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Builders FirstSource has an average rating of “Hold” and an average price target of $16.00.

BLDR stock traded up $0.39 during mid-day trading on Wednesday, reaching $20.50. 642,966 shares of the stock traded hands, compared to its average volume of 1,001,848. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.96 and a current ratio of 1.69. Builders FirstSource has a one year low of $10.15 and a one year high of $21.00. The stock has a market capitalization of $2.37 billion, a PE ratio of 10.79 and a beta of 1.88. The business has a 50-day moving average price of $19.71 and a two-hundred day moving average price of $16.61.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.15. Builders FirstSource had a net margin of 3.05% and a return on equity of 39.63%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. The business’s revenue was down 8.9% compared to the same quarter last year. On average, equities analysts expect that Builders FirstSource will post 1.85 earnings per share for the current fiscal year.

In other news, CFO Peter M. Jackson sold 4,328 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $20.20, for a total value of $87,425.60. Following the transaction, the chief financial officer now directly owns 53,096 shares in the company, valued at $1,072,539.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO M Chad Crow sold 87,657 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $20.05, for a total transaction of $1,757,522.85. Following the completion of the transaction, the chief executive officer now owns 246,839 shares in the company, valued at $4,949,121.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 219,744 shares of company stock worth $4,258,449. Company insiders own 2.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its stake in Builders FirstSource by 15.7% in the second quarter. Public Employees Retirement System of Ohio now owns 4,758 shares of the company’s stock worth $80,000 after acquiring an additional 645 shares during the period. Janus Henderson Group PLC lifted its stake in Builders FirstSource by 7.3% in the second quarter. Janus Henderson Group PLC now owns 22,313 shares of the company’s stock worth $376,000 after acquiring an additional 1,522 shares during the period. HM Payson & Co. purchased a new stake in Builders FirstSource in the second quarter worth about $34,000. Bank of Montreal Can lifted its stake in Builders FirstSource by 2.8% in the second quarter. Bank of Montreal Can now owns 91,924 shares of the company’s stock worth $1,549,000 after acquiring an additional 2,542 shares during the period. Finally, Wilen Investment Management CORP. lifted its stake in Builders FirstSource by 20.8% in the first quarter. Wilen Investment Management CORP. now owns 17,421 shares of the company’s stock worth $226,000 after acquiring an additional 3,001 shares during the period. Hedge funds and other institutional investors own 87.29% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.

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Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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