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

Builders FirstSource (NYSE:BLDR) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Other analysts have also recently issued reports about the company. Wedbush lowered their target price on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Bank of America lowered their target price on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Barclays lowered their target price on Builders FirstSource from $200.00 to $188.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, Robert W. Baird lowered their target price on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.67.

Builders FirstSource Stock Down 4.0 %

Shares of Builders FirstSource stock opened at $158.88 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The business’s 50 day simple moving average is $151.86 and its 200-day simple moving average is $173.92. The stock has a market capitalization of $19.39 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 2.46 and a beta of 2.04. Builders FirstSource has a twelve month low of $105.24 and a twelve month high of $214.70.

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

Insider Transactions at Builders FirstSource

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

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Builders FirstSource by 15.7% in the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after purchasing an additional 1,985,297 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of Builders FirstSource by 11.2% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,416,611 shares of the company’s stock valued at $236,489,000 after purchasing an additional 143,041 shares during the last quarter. Boston Partners grew its position in shares of Builders FirstSource by 0.8% in the first quarter. Boston Partners now owns 1,377,335 shares of the company’s stock valued at $285,794,000 after purchasing an additional 10,551 shares during the last quarter. Norges Bank acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at about $212,209,000. Finally, Frontier Capital Management Co. LLC grew its position in shares of Builders FirstSource by 34.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock valued at $189,268,000 after purchasing an additional 292,966 shares during the last quarter. 95.53% of the stock is currently 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.