BidaskClub lowered shares of Builders FirstSource (NASDAQ:BLDR) from a sell rating to a strong sell rating in a research note released on Tuesday.

Several other equities research analysts have also recently commented on BLDR. MKM Partners began coverage on shares of Builders FirstSource in a research report on Wednesday, June 27th. They issued a neutral rating and a $20.00 price target on the stock. Evercore ISI initiated coverage on Builders FirstSource in a research note on Thursday, June 28th. They issued an in-line rating and a $20.00 price target on the stock. Royal Bank of Canada initiated coverage on Builders FirstSource in a research note on Wednesday, June 27th. They issued an outperform rating on the stock. ValuEngine raised Builders FirstSource from a strong sell rating to a sell rating in a research note on Tuesday, September 11th. Finally, Zacks Investment Research cut Builders FirstSource from a buy rating to a hold rating in a research note on Monday, August 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $22.23.

Shares of Builders FirstSource stock opened at $14.81 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 1.12 and a debt-to-equity ratio of 4.23. Builders FirstSource has a 52 week low of $14.75 and a 52 week high of $23.28. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 4.09 and a beta of 1.99.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). Builders FirstSource had a return on equity of 44.19% and a net margin of 1.03%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.06 billion. analysts predict that Builders FirstSource will post 1.82 earnings per share for the current year.

In related news, Director Robert C. Griffin sold 16,756 shares of Builders FirstSource stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $17.15, for a total value of $287,365.40. Following the transaction, the director now owns 30,104 shares of the company’s stock, valued at approximately $516,283.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Barr purchased 60,000 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was bought at an average cost of $15.63 per share, for a total transaction of $937,800.00. Following the purchase, the director now directly owns 79,496 shares in the company, valued at approximately $1,242,522.48. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Northern Trust Corp grew its stake in Builders FirstSource by 8.5% during the 2nd quarter. Northern Trust Corp now owns 1,439,253 shares of the company’s stock valued at $26,324,000 after acquiring an additional 113,247 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Builders FirstSource during the 2nd quarter valued at about $500,000. NorthCoast Asset Management LLC purchased a new position in Builders FirstSource during the 2nd quarter valued at about $756,000. Putnam Investments LLC purchased a new position in Builders FirstSource during the 2nd quarter valued at about $6,936,000. Finally, Soapstone Management L.P. grew its stake in Builders FirstSource by 30.8% during the 2nd quarter. Soapstone Management L.P. now owns 1,675,000 shares of the company’s stock valued at $30,636,000 after acquiring an additional 394,394 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

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. 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.

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Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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