Builders FirstSource (NYSE:BLDR) Receives Hold Rating from Zelman & Associates

Builders FirstSource (NYSE:BLDR)‘s stock had its “hold” rating reiterated by equities research analysts at Zelman & Associates in a research note issued to investors on Monday, Benzinga reports.

Several other equities research analysts have also recently commented on the company. Truist Financial dropped their target price on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank of Canada boosted their price target on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Oppenheimer boosted their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Barclays lowered their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $195.13.

Builders FirstSource Stock Performance

BLDR stock traded up $0.77 during midday trading on Monday, reaching $150.32. The company had a trading volume of 794,767 shares, compared to its average volume of 1,511,678. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $171.48 and a 200 day moving average price of $176.25. Builders FirstSource has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The firm has a market capitalization of $18.35 billion, a PE ratio of 12.86, a P/E/G ratio of 2.41 and a beta of 2.08.

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

Insiders Place Their Bets

In other news, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Hiller sold 4,875 shares of the company’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 sale, the insider now directly owns 30,106 shares in the company, valued at $4,794,380.50. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Hedge funds and other institutional investors have recently bought and sold shares of the business. EdgeRock Capital LLC bought a new position in Builders FirstSource in the fourth quarter valued at approximately $25,000. Contravisory Investment Management Inc. acquired a new stake in Builders FirstSource in the fourth quarter worth $28,000. Rakuten Securities Inc. acquired a new stake in Builders FirstSource in the fourth quarter worth $29,000. Rock Creek Group LP acquired a new stake in Builders FirstSource in the third quarter worth $30,000. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Builders FirstSource by 134.0% during the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after acquiring an additional 142 shares during the period. 95.53% of the stock is owned by 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.