Builders FirstSource (NASDAQ:BLDR) Hits New 1-Year High at $21.09
Builders FirstSource, Inc. (NASDAQ:BLDR) hit a new 52-week high on Tuesday . The stock traded as high as $21.09 and last traded at $21.06, with a volume of 19544 shares changing hands. The stock had previously closed at $20.58.
Several equities analysts have weighed in on the company. BidaskClub lowered Builders FirstSource from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Builders FirstSource from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Monday, October 7th. ValuEngine lowered Builders FirstSource from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Stephens raised Builders FirstSource from an “equal” rating to a “weight” rating and increased their price objective for the company from $21.00 to $28.00 in a report on Wednesday. Finally, Buckingham Research increased their price objective on Builders FirstSource from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.64.
The firm has a fifty day simple moving average of $20.14 and a two-hundred day simple moving average of $17.08. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.69 and a quick ratio of 0.96. The firm has a market capitalization of $2.59 billion, a P/E ratio of 11.81 and a beta of 1.88.
In other news, CFO Peter M. Jackson sold 4,328 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $20.20, for a total value of $87,425.60. Following the completion of the transaction, the chief financial officer now directly owns 53,096 shares of the company’s stock, valued at $1,072,539.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO M Chad Crow sold 87,657 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $20.05, for a total value of $1,757,522.85. Following the completion of the transaction, the chief executive officer now directly owns 246,839 shares of the company’s stock, valued at $4,949,121.95. The disclosure for this sale can be found here. Insiders sold 219,744 shares of company stock valued at $4,258,449 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. HM Payson & Co. bought a new position in shares of Builders FirstSource in the second quarter worth $34,000. Public Employees Retirement System of Ohio raised its position in shares of Builders FirstSource by 15.7% in the second quarter. Public Employees Retirement System of Ohio now owns 4,758 shares of the company’s stock worth $80,000 after buying an additional 645 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Builders FirstSource in the second quarter worth $167,000. Quantamental Technologies LLC purchased a new stake in shares of Builders FirstSource in the second quarter worth $252,000. Finally, First Quadrant L P CA raised its position in shares of Builders FirstSource by 181.3% in the second quarter. First Quadrant L P CA now owns 16,883 shares of the company’s stock worth $285,000 after buying an additional 10,881 shares in the last quarter. 87.29% of the stock is owned by hedge funds and other institutional investors.
Builders FirstSource Company Profile (NASDAQ:BLDR)
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.
Further Reading: How Do Investors Open a Backdoor Roth IRA?
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.