Builders FirstSource (NYSE:BLDR) Downgraded by StockNews.com

StockNews.com cut shares of Builders FirstSource (NYSE:BLDR) from a buy rating to a hold rating in a research report released on Monday morning.

A number of other equities analysts also recently weighed in on the company. Truist Financial cut their target price on Builders FirstSource from $190.00 to $180.00 and set a hold rating on the stock in a research note on Wednesday, May 8th. Jefferies Financial Group boosted their target price on Builders FirstSource from $226.00 to $237.00 and gave the stock a buy rating in a research note on Thursday, April 18th. Robert W. Baird cut their target price on Builders FirstSource from $207.00 to $197.00 and set a neutral rating on the stock in a research note on Wednesday, May 8th. Wedbush cut their target price on Builders FirstSource from $215.00 to $175.00 and set an outperform rating on the stock in a research note on Tuesday, June 25th. Finally, Bank of America cut their target price on Builders FirstSource from $195.00 to $183.00 and set a buy rating on the stock in a research note on Thursday, June 6th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource has an average rating of Moderate Buy and an average target price of $191.67.

Builders FirstSource Stock Performance

BLDR stock opened at $154.12 on Monday. The stock has a 50-day moving average price of $151.23 and a 200-day moving average price of $173.97. Builders FirstSource has a 1-year low of $105.24 and a 1-year high of $214.70. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The firm has a market cap of $18.81 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 2.59 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period in the previous year, the company posted $2.96 EPS. The firm’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts expect that Builders FirstSource will post 12.93 earnings per share for the current year.

Insider Buying and Selling at Builders FirstSource

In related news, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the sale, the insider now owns 22,667 shares in the company, valued at approximately $3,855,883.37. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BLDR. First Horizon Advisors Inc. increased its holdings in Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after acquiring an additional 75 shares during the last quarter. Team Hewins LLC increased its holdings in shares of Builders FirstSource by 6.5% in the 1st quarter. Team Hewins LLC now owns 1,313 shares of the company’s stock worth $274,000 after buying an additional 80 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Builders FirstSource by 30.7% during the 4th quarter. Private Trust Co. NA now owns 345 shares of the company’s stock worth $58,000 after purchasing an additional 81 shares during the period. Csenge Advisory Group boosted its stake in shares of Builders FirstSource by 1.9% during the 2nd quarter. Csenge Advisory Group now owns 4,252 shares of the company’s stock worth $589,000 after purchasing an additional 81 shares during the period. Finally, Congress Wealth Management LLC DE boosted its stake in shares of Builders FirstSource by 1.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock worth $1,035,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. 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, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.