Builders FirstSource (NYSE:BLDR) Cut 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 published on Friday morning.

A number of other brokerages also recently issued reports on BLDR. Barclays decreased their price target on Builders FirstSource from $240.00 to $200.00 and set an overweight rating for the company in a report on Wednesday, May 8th. Jefferies Financial Group boosted their target price on Builders FirstSource from $226.00 to $237.00 and gave the stock a buy rating in a research note on Thursday, April 18th. Royal Bank of Canada increased 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. Robert W. Baird reduced their price objective on shares of Builders FirstSource from $207.00 to $197.00 and set a neutral rating for the company in a research report on Wednesday, May 8th. Finally, Truist Financial lowered their target price on shares of Builders FirstSource from $190.00 to $180.00 and set a hold rating for the company in a report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $195.13.

Builders FirstSource Stock Down 0.7 %

BLDR stock opened at $142.22 on Friday. Builders FirstSource has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The company’s 50 day moving average price is $166.05 and its 200 day moving average price is $176.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 2.33 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. The business 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%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $2.96 EPS. On average, equities research analysts anticipate that Builders FirstSource will post 12.93 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

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

Hedge Funds Weigh In On Builders FirstSource

A number of large investors have recently modified their holdings of the business. EdgeRock Capital LLC acquired a new position in Builders FirstSource during the fourth quarter worth $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Builders FirstSource during the 4th quarter worth $28,000. Rakuten Securities Inc. purchased a new position in shares of Builders FirstSource in the 4th quarter valued at about $29,000. Raleigh Capital Management Inc. lifted its stake in shares of Builders FirstSource by 134.0% in the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after purchasing an additional 142 shares during the period. Finally, Westside Investment Management Inc. purchased a new stake in Builders FirstSource during the first quarter worth about $31,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.