Builders FirstSource (NYSE:BLDR) Stock Rating Lowered by StockNews.com

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

BLDR has been the topic of a number of other research reports. Oppenheimer reiterated an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. DA Davidson lifted their target price on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Bank of America boosted their price target on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Jefferies Financial Group lifted their price objective on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and boosted their target price for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. Four 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

Builders FirstSource Trading Down 2.5 %

NYSE:BLDR opened at $166.43 on Monday. The firm has a market capitalization of $19.15 billion, a P/E ratio of 16.25, a PEG ratio of 0.96 and a beta of 2.06. 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 one year low of $130.75 and a one year high of $214.70. The company’s 50-day simple moving average is $181.69 and its 200 day simple moving average is $169.13.

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

Insider Buying and Selling at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction on 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 transaction, the director now 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 corporate insiders.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Forsta AP Fonden lifted its holdings in shares of Builders FirstSource by 12.1% in the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock worth $5,195,000 after buying an additional 2,900 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Builders FirstSource by 18.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company’s stock worth $16,055,000 after purchasing an additional 18,223 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Builders FirstSource by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company’s stock worth $152,343,000 after purchasing an additional 16,000 shares in the last quarter. AMF Tjanstepension AB bought a new position in shares of Builders FirstSource during the 3rd quarter valued at about $1,471,000. Finally, Brophy Wealth Management LLC purchased a new position in shares of Builders FirstSource during the third quarter valued at about $894,000. 95.53% of the stock is 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, 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.