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

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

A number of other brokerages also recently weighed in on BLDR. Bank of America lowered their target price on shares of Builders FirstSource from $195.00 to $183.00 and set a buy rating for the company in a research note on Thursday, June 6th. Oppenheimer lifted their target price on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an outperform rating in a research note on Friday, February 23rd. Royal Bank of Canada lifted their price target on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an outperform rating in a research note on Friday, February 23rd. Truist Financial decreased their price target on shares of Builders FirstSource from $190.00 to $180.00 and set a hold rating for the company in a research note on Wednesday, May 8th. Finally, Barclays decreased their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an overweight rating for the company in a research note on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $195.13.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $149.93 on Friday. The firm has a market cap of $18.30 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 2.41 and a beta of 2.08. The firm’s fifty day moving average is $170.47 and its 200-day moving average is $176.37. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. Builders FirstSource has a 52 week low of $105.24 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. Builders FirstSource’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.96 earnings per share. Sell-side analysts predict that Builders FirstSource will post 12.93 earnings per share for the current year.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the sale, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the sale, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Several institutional investors and hedge funds have recently modified their holdings of BLDR. Tactive Advisors LLC increased its stake in shares of Builders FirstSource by 12.8% in the 1st quarter. Tactive Advisors LLC now owns 1,598 shares of the company’s stock worth $333,000 after acquiring an additional 181 shares in the last quarter. Boston Partners increased its stake in shares of Builders FirstSource by 0.8% in the 1st quarter. Boston Partners now owns 1,377,335 shares of the company’s stock worth $285,794,000 after acquiring an additional 10,551 shares in the last quarter. Cetera Advisors LLC increased its stake in shares of Builders FirstSource by 110.0% in the 1st quarter. Cetera Advisors LLC now owns 7,948 shares of the company’s stock worth $1,658,000 after acquiring an additional 4,163 shares in the last quarter. Cetera Investment Advisers increased its stake in Builders FirstSource by 762.2% during the 1st quarter. Cetera Investment Advisers now owns 50,982 shares of the company’s stock valued at $10,632,000 after purchasing an additional 45,069 shares in the last quarter. Finally, PGGM Investments increased its stake in Builders FirstSource by 174.7% during the 1st quarter. PGGM Investments now owns 48,806 shares of the company’s stock valued at $10,178,000 after purchasing an additional 31,039 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other 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, 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.