Builders FirstSource (NASDAQ:BLDR) Stock Rating Lowered by ValuEngine

Builders FirstSource (NASDAQ:BLDR) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

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.

Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Builders FirstSource had a net margin of 2.84% and a return on equity of 41.88%. Builders FirstSource’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. On average, equities analysts expect that Builders FirstSource will post 1.69 EPS for the current fiscal year.

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.

Recommended Story: What is the return on assets formula?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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.