Several other research analysts also recently commented on BLDR. Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Thursday, May 9th. Wedbush set a $18.00 price target on shares of Builders FirstSource and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, BidaskClub downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Builders FirstSource currently has an average rating of “Hold” and an average price target of $16.25.
BLDR traded up $2.07 on Thursday, reaching $18.87. The company had a trading volume of 3,615,942 shares, compared to its average volume of 813,094. The business has a 50 day moving average of $16.48. The stock has a market capitalization of $1.99 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 2.03 and a beta of 2.03. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.02 and a current ratio of 1.88. Builders FirstSource has a 52-week low of $10.15 and a 52-week high of $18.91.
In other news, Director Robert C. Griffin sold 11,133 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $15.08, for a total value of $167,885.64. Following the transaction, the director now owns 36,852 shares in the company, valued at $555,728.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig Arthur Steinke sold 87,987 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $16.31, for a total transaction of $1,435,067.97. Following the completion of the transaction, the director now owns 95,896 shares in the company, valued at approximately $1,564,063.76. The disclosure for this sale can be found here. Insiders sold 500,146 shares of company stock worth $8,134,697 in the last 90 days. Company insiders own 2.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY boosted its holdings in Builders FirstSource by 322.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 36,395 shares of the company’s stock valued at $397,000 after acquiring an additional 27,773 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Builders FirstSource by 24.4% in the fourth quarter. Two Sigma Advisers LP now owns 235,100 shares of the company’s stock valued at $2,565,000 after acquiring an additional 46,066 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Builders FirstSource in the first quarter valued at $810,000. First Quadrant L P CA bought a new stake in Builders FirstSource in the first quarter valued at $80,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Builders FirstSource by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,542,510 shares of the company’s stock valued at $38,649,000 after acquiring an additional 182,727 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
About Builders FirstSource
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. 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 under the Synboard brand name.
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