Builders FirstSource (NYSE:BLDR) Downgraded by Stephens to Hold

Builders FirstSource (NYSE:BLDR) was downgraded by research analysts at Stephens from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. BMO Capital Markets reduced their price objective on shares of Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. Wells Fargo & Company initiated coverage on shares of Builders FirstSource in a research note on Monday, November 17th. They issued an “equal weight” rating and a $115.00 target price on the stock. Robert W. Baird set a $135.00 price target on Builders FirstSource in a research note on Friday, October 31st. DA Davidson cut their price objective on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group increased their target price on Builders FirstSource from $146.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and a consensus target price of $133.87.

Builders FirstSource Trading Down 3.4%

Shares of BLDR opened at $122.52 on Tuesday. Builders FirstSource has a one year low of $94.35 and a one year high of $175.12. The stock has a 50-day moving average price of $108.92 and a 200 day moving average price of $121.87. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. The company has a market capitalization of $13.55 billion, a P/E ratio of 23.34, a P/E/G ratio of 15.40 and a beta of 1.57.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.69 by $0.19. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the prior year, the business posted $3.07 EPS. The business’s revenue was down 6.9% on a year-over-year basis. Sell-side analysts forecast that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Trading of Builders FirstSource

Several hedge funds have recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its position in shares of Builders FirstSource by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after buying an additional 78 shares in the last quarter. VestGen Advisors LLC increased its stake in Builders FirstSource by 4.6% during the second quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock worth $227,000 after acquiring an additional 86 shares during the last quarter. Stephens Inc. AR raised its position in Builders FirstSource by 3.1% during the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock valued at $354,000 after purchasing an additional 90 shares during the period. Aprio Wealth Management LLC lifted its stake in shares of Builders FirstSource by 2.7% in the 3rd quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock valued at $446,000 after purchasing an additional 98 shares during the last quarter. Finally, Ramirez Asset Management Inc. boosted its holdings in shares of Builders FirstSource by 25.0% in the 3rd quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock worth $61,000 after purchasing an additional 100 shares during the period. 95.53% of the stock is currently owned by institutional investors.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.