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

StockNews.com lowered shares of Builders FirstSource (NYSE:BLDR) from a buy rating to a hold rating in a report published on Monday morning.

Several other equities analysts have also recently issued reports on BLDR. UBS Group initiated coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. DA Davidson lifted their price target on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Stephens increased their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Barclays lifted their price objective on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and raised their price target for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $210.00.

Builders FirstSource Trading Down 3.5 %

NYSE:BLDR opened at $160.54 on Monday. Builders FirstSource has a 1 year low of $130.75 and a 1 year high of $214.70. 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 has a fifty day moving average price of $181.06 and a two-hundred day moving average price of $169.14. The stock has a market capitalization of $18.48 billion, a price-to-earnings ratio of 15.68, 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 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the business earned $4.24 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insider Activity at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated Thursday, November 7th. The shares were 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 directly owns 33,083 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

A number of large investors have recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in Builders FirstSource in the 3rd quarter valued at about $28,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource during the 3rd quarter valued at about $30,000. First Horizon Advisors Inc. raised its position in shares of Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after buying an additional 75 shares in the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $38,000. Institutional investors 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.