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

StockNews.com cut shares of Builders FirstSource (NYSE:BLDR) from a buy rating to a hold rating in a research note released on Monday morning.

Other equities analysts also recently issued research reports about the stock. Wedbush reaffirmed an outperform rating and set a $175.00 price target on shares of Builders FirstSource in a research note on Thursday, August 3rd. Royal Bank of Canada dropped their price target on shares of Builders FirstSource from $188.00 to $152.00 and set an outperform rating on the stock in a research note on Thursday, November 2nd. Barclays dropped their price target on shares of Builders FirstSource from $200.00 to $175.00 and set an overweight rating on the stock in a research note on Thursday, October 12th. BMO Capital Markets raised their price objective on shares of Builders FirstSource from $125.00 to $135.00 and gave the stock a market perform rating in a report on Friday, August 4th. Finally, Benchmark lifted their price target on shares of Builders FirstSource from $153.00 to $220.00 and gave the company a buy rating in a report on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of Moderate Buy and an average price target of $140.77.

Builders FirstSource Stock Up 0.7 %

Shares of NYSE BLDR opened at $134.46 on Monday. Builders FirstSource has a 1 year low of $59.39 and a 1 year high of $156.85. The firm’s 50 day moving average price is $121.66 and its 200 day moving average price is $128.59. The firm has a market cap of $16.59 billion, a P/E ratio of 11.41 and a beta of 2.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.11 and a current ratio of 1.76.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Wednesday, November 1st. The company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.19. Builders FirstSource had a net margin of 9.10% and a return on equity of 41.27%. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.88 billion. During the same quarter last year, the business earned $5.20 earnings per share. Builders FirstSource’s revenue was down 21.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Builders FirstSource will post 13.72 earnings per share for the current year.

Institutional Trading of Builders FirstSource

A number of hedge funds and other institutional investors have recently made changes to their positions in BLDR. Fairfield Bush & CO. bought a new stake in shares of Builders FirstSource in the 1st quarter worth approximately $64,000. PNC Financial Services Group Inc. grew its position in Builders FirstSource by 37.0% during the first quarter. PNC Financial Services Group Inc. now owns 8,329 shares of the company’s stock valued at $537,000 after purchasing an additional 2,249 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Builders FirstSource by 7.9% during the first quarter. Great West Life Assurance Co. Can now owns 105,236 shares of the company’s stock valued at $6,989,000 after purchasing an additional 7,745 shares in the last quarter. LSV Asset Management grew its position in Builders FirstSource by 4.9% during the first quarter. LSV Asset Management now owns 143,900 shares of the company’s stock valued at $9,287,000 after purchasing an additional 6,700 shares in the last quarter. Finally, Cibc World Market Inc. grew its position in Builders FirstSource by 106.0% during the first quarter. Cibc World Market Inc. now owns 8,339 shares of the company’s stock valued at $538,000 after purchasing an additional 4,290 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Builders FirstSource Company Profile

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, 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 comprising intricate mouldings, stair parts, and columns under the Synboard brand name.