Builders FirstSource (NASDAQ:BLDR) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Several other equities analysts have also commented on BLDR. MKM Partners assumed coverage on Builders FirstSource in a research report on Wednesday, June 27th. They set a “neutral” rating and a $20.00 price objective for the company. BidaskClub lowered Builders FirstSource from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 14th. Evercore ISI assumed coverage on Builders FirstSource in a research report on Thursday, June 28th. They set an “in-line” rating and a $20.00 price objective for the company. Royal Bank of Canada initiated coverage on Builders FirstSource in a research report on Wednesday, June 27th. They set an “outperform” rating for the company. Finally, DA Davidson initiated coverage on Builders FirstSource in a report on Thursday, September 13th. They set a “buy” rating and a $20.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Builders FirstSource has a consensus rating of “Hold” and an average target price of $22.23.

Shares of Builders FirstSource stock opened at $15.68 on Friday. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 4.23. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 4.29 and a beta of 1.99. Builders FirstSource has a 12 month low of $15.24 and a 12 month high of $23.28.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Builders FirstSource had a net margin of 1.03% and a return on equity of 44.19%. sell-side analysts anticipate that Builders FirstSource will post 1.82 EPS for the current year.

In other Builders FirstSource news, Director David Barr acquired 60,000 shares of Builders FirstSource 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 acquisition, the director now owns 79,496 shares of the company’s stock, valued at $1,242,522.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul S. Levy acquired 100,000 shares of Builders FirstSource stock in a transaction that occurred on Thursday, September 6th. The stock was acquired at an average price of $15.98 per share, with a total value of $1,598,000.00. Following the completion of the acquisition, the director now directly owns 1,117,984 shares in the company, valued at approximately $17,865,384.32. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLDR. NumerixS Investment Technologies Inc increased its holdings in Builders FirstSource by 229.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock worth $101,000 after buying an additional 3,902 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new stake in Builders FirstSource in the 1st quarter worth about $104,000. DekaBank Deutsche Girozentrale bought a new stake in Builders FirstSource in the 1st quarter worth about $112,000. Hilltop Holdings Inc. bought a new stake in Builders FirstSource in the 1st quarter worth about $203,000. Finally, Royal Bank of Canada increased its holdings in Builders FirstSource by 140.2% in the 1st quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock worth $218,000 after buying an additional 6,401 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Builders FirstSource Company Profile

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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