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 report sent to investors on Monday morning.

Several other equities analysts have also issued reports on the company. DA Davidson lifted their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Stephens lifted their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and increased their target price for the company from $165.00 to $220.00 in a research report on Monday, September 16th. Loop Capital lifted their price target on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.00.

Builders FirstSource Price Performance

BLDR opened at $152.03 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average of $180.39 and a 200 day moving average of $169.13. Builders FirstSource has a 52-week low of $130.75 and a 52-week high of $214.70. The stock has a market cap of $17.50 billion, a P/E ratio of 14.85, a PEG ratio of 0.96 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.24 EPS. As a group, sell-side analysts anticipate that Builders FirstSource will post 11.55 EPS for the current 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 that occurred on Thursday, November 7th. The stock was 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. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BLDR. Innealta Capital LLC purchased a new position in Builders FirstSource in the 2nd quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new position in Builders FirstSource in the third quarter valued at $28,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource during the 3rd quarter worth $30,000. First Horizon Advisors Inc. raised its position in Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. Finally, New Millennium Group LLC purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. 95.53% of the stock is currently 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.