Builders FirstSource (NYSE:BLDR – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
A number of other research analysts also recently commented on BLDR. Truist Financial downgraded Builders FirstSource from a “buy” rating to a “hold” rating and increased their price objective for the company from $165.00 to $185.00 in a report on Thursday. Stephens dropped their price target on Builders FirstSource from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Stifel Nicolaus raised their price target on Builders FirstSource from $184.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Wedbush restated an “outperform” rating and set a $175.00 price target on shares of Builders FirstSource in a research note on Wednesday, November 29th. Finally, B. Riley raised Builders FirstSource from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $128.00 to $177.00 in a research report on Wednesday, December 6th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.86.
Builders FirstSource Stock Up 1.6 %
Shares of Builders FirstSource stock opened at $159.78 on Monday. Builders FirstSource has a 52-week low of $65.88 and a 52-week high of $171.03. The company has a 50 day moving average of $143.50 and a 200 day moving average of $136.52. The company has a market capitalization of $19.71 billion, a P/E ratio of 13.56 and a beta of 2.05. The company has a quick ratio of 1.11, a current ratio of 1.76 and a debt-to-equity ratio of 0.74.
Builders FirstSource (NYSE:BLDR – Get Free Report) last posted its earnings results on Wednesday, November 1st. The company reported $4.24 EPS for the quarter, beating the consensus estimate of $4.05 by $0.19. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.88 billion. Builders FirstSource had a return on equity of 41.27% and a net margin of 9.10%. Builders FirstSource’s revenue for the quarter was down 21.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.20 earnings per share. As a group, research analysts forecast that Builders FirstSource will post 13.8 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider Michael Alan Farmer sold 3,318 shares of Builders FirstSource stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $145.64, for a total value of $483,233.52. Following the completion of the sale, the insider now owns 60,660 shares of the company’s stock, valued at $8,834,522.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Builders FirstSource
A number of hedge funds and other institutional investors have recently made changes to their positions in BLDR. Vanguard Group Inc. grew its position in Builders FirstSource by 0.5% during the first quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock valued at $1,124,428,000 after acquiring an additional 86,484 shares during the period. BlackRock Inc. lifted its stake in shares of Builders FirstSource by 9.6% during the second quarter. BlackRock Inc. now owns 15,031,161 shares of the company’s stock worth $2,044,238,000 after purchasing an additional 1,320,774 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Builders FirstSource by 14.8% during the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after purchasing an additional 1,455,580 shares in the last quarter. State Street Corp lifted its stake in shares of Builders FirstSource by 5.1% during the second quarter. State Street Corp now owns 4,784,828 shares of the company’s stock worth $650,737,000 after purchasing an additional 232,105 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Builders FirstSource by 182.0% during the second quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock worth $313,486,000 after purchasing an additional 1,487,620 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.
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, steel roof 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.