BidaskClub Downgrades Builders FirstSource (BLDR) to Strong Sell

Builders FirstSource (NASDAQ:BLDR) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Wednesday.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus raised their price target on Builders FirstSource from $23.00 to $26.50 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research raised Builders FirstSource from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $30.00 target price on shares of Builders FirstSource in a research report on Thursday, May 10th. ValuEngine raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Stephens reaffirmed a “buy” rating and set a $27.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $23.14.

Shares of BLDR stock opened at $19.01 on Wednesday. Builders FirstSource has a 52-week low of $18.34 and a 52-week high of $18.78. The company has a debt-to-equity ratio of 4.81, a current ratio of 2.09 and a quick ratio of 1.15. The company has a market cap of $2.17 billion, a P/E ratio of 13.55 and a beta of 2.07.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.08. Builders FirstSource had a return on equity of 41.83% and a net margin of 0.81%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the company earned $0.11 EPS. Builders FirstSource’s quarterly revenue was up 10.9% compared to the same quarter last year. research analysts expect that Builders FirstSource will post 1.86 EPS for the current year.

In other news, SVP Donald F. Mcaleenan sold 194,043 shares of Builders FirstSource stock in a transaction on Monday, March 12th. The stock was sold at an average price of $21.66, for a total value of $4,202,971.38. Following the transaction, the senior vice president now directly owns 442,148 shares in the company, valued at approximately $9,576,925.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Morris E. Tolly sold 50,000 shares of Builders FirstSource stock in a transaction on Monday, March 5th. The shares were sold at an average price of $21.25, for a total value of $1,062,500.00. Following the completion of the transaction, the chief operating officer now owns 128,344 shares in the company, valued at $2,727,310. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 409,650 shares of company stock valued at $8,790,722. 2.30% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Highbridge Capital Management LLC purchased a new position in shares of Builders FirstSource in the 1st quarter valued at $719,000. Millennium Management LLC purchased a new position in shares of Builders FirstSource in the 1st quarter valued at $15,212,000. Soapstone Management L.P. increased its holdings in shares of Builders FirstSource by 20.2% in the 1st quarter. Soapstone Management L.P. now owns 1,280,606 shares of the company’s stock valued at $25,407,000 after acquiring an additional 215,650 shares during the period. Verition Fund Management LLC purchased a new position in shares of Builders FirstSource in the 1st quarter valued at $280,000. Finally, Hilltop Holdings Inc. purchased a new position in shares of Builders FirstSource in the 1st quarter valued at $203,000. Institutional investors and hedge funds own 97.65% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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