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.
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.
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.