StockNews.com Downgrades Builders FirstSource (NYSE:BLDR) to Hold

Builders FirstSource (NYSE:BLDR) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Several other equities analysts also recently issued reports on the company. Bank of America upped their target price on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Barclays raised their price target on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group assumed coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price on the stock. Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and lifted their price target for the company from $165.00 to $220.00 in a research report on Monday, September 16th. Finally, Robert W. Baird boosted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $210.00.

Builders FirstSource Trading Down 0.3 %

Shares of NYSE BLDR opened at $160.03 on Monday. The business’s 50 day moving average is $181.06 and its two-hundred day moving average is $169.14. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70. The stock has a market capitalization of $18.42 billion, a P/E ratio of 15.64, a PEG ratio of 0.96 and a beta of 2.06.

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

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the sale, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds have recently made changes to their positions in BLDR. Mountaineer Partners Management LLC bought a new stake in Builders FirstSource in the third quarter worth approximately $2,099,877,000. FMR LLC increased its position in shares of Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $267,132,000. Diamond Hill Capital Management Inc. bought a new position in shares of Builders FirstSource in the 3rd quarter valued at about $255,867,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after acquiring an additional 911,990 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.