Builders FirstSource (NYSE:BLDR) Stock Gets Downgrade from Loop Capital

Builders FirstSource (NYSE:BLDR) was downgraded by equities research analysts at Loop Capital from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $62.00 price target on the stock. Loop Capital‘s target price would indicate a potential upside of 9.00% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a research note on Monday, October 19th. Oppenheimer dropped their price target on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Melius Research started coverage on Builders FirstSource in a report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price for the company. UBS Group set a $85.00 target price on Builders FirstSource in a research note on Thursday, October 1st. Finally, DA Davidson set a $68.00 price target on Builders FirstSource in a report on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.85.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $56.88 on Monday. The firm has a 50-day simple moving average of $60.29 and a 200-day simple moving average of $71.73. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 62.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource has a 52 week low of $49.67 and a 52 week high of $131.50.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm posted $2.38 earnings per share. The business’s revenue was down 8.8% compared to the same quarter last year. On average, equities analysts predict that Builders FirstSource will post 3.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BLDR. BlackRock Inc. acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $700,934,000. Dimensional Fund Advisors LP lifted its position in Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after buying an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Builders FirstSource in the second quarter valued at about $134,908,000. Pictet Asset Management Holding SA boosted its stake in Builders FirstSource by 74.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after buying an additional 588,987 shares during the period. Finally, Bank of America Corp DE purchased a new position in Builders FirstSource during the second quarter worth about $83,832,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.