Builders FirstSource (BLDR) Stock Rating Lowered by DA Davidson

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DA Davidson lowered shares of Builders FirstSource (NASDAQ:BLDR) from a buy rating to a neutral rating in a research report sent to investors on Thursday morning, MarketBeat reports. The brokerage currently has $14.00 target price on the stock, down from their previous target price of $20.00.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Builders FirstSource from a hold rating to a strong sell rating in a report on Thursday, January 3rd. BidaskClub raised shares of Builders FirstSource from a sell rating to a hold rating in a report on Friday, December 21st. Barclays dropped their target price on shares of Builders FirstSource from $16.00 to $13.00 and set an equal weight rating for the company in a report on Wednesday, December 12th. Deutsche Bank cut shares of Builders FirstSource from a buy rating to a hold rating and dropped their target price for the stock from $19.00 to $15.00 in a report on Tuesday, December 4th. Finally, Wedbush reissued an outperform rating and issued a $20.00 target price on shares of Builders FirstSource in a report on Thursday, November 29th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $16.82.

Shares of BLDR stock traded up $0.02 on Thursday, reaching $12.42. The company had a trading volume of 805,790 shares, compared to its average volume of 1,044,759. The stock has a market capitalization of $1.48 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 1.45 and a beta of 2.03. The company has a current ratio of 2.09, a quick ratio of 1.21 and a debt-to-equity ratio of 3.39. Builders FirstSource has a one year low of $10.15 and a one year high of $23.28.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Thursday, November 1st. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Builders FirstSource had a net margin of 1.44% and a return on equity of 48.32%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, equities analysts predict that Builders FirstSource will post 1.87 EPS for the current fiscal year.

In other news, COO David E. Rush purchased 4,000 shares of the stock in a transaction on Monday, December 10th. The stock was purchased at an average price of $11.73 per share, for a total transaction of $46,920.00. Following the acquisition, the chief operating officer now owns 30,390 shares in the company, valued at $356,474.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brett N. Milgrim sold 17,676 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $11.18, for a total transaction of $197,617.68. Following the transaction, the director now owns 49,399 shares of the company’s stock, valued at approximately $552,280.82. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Builders FirstSource by 7.3% during the 2nd quarter. BlackRock Inc. now owns 8,631,344 shares of the company’s stock worth $157,869,000 after purchasing an additional 585,206 shares during the last quarter. Stadium Capital Management LLC raised its holdings in Builders FirstSource by 38.5% during the 3rd quarter. Stadium Capital Management LLC now owns 4,677,724 shares of the company’s stock worth $68,669,000 after purchasing an additional 1,301,269 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Builders FirstSource by 511.1% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,443,323 shares of the company’s stock worth $50,548,000 after purchasing an additional 2,879,817 shares during the last quarter. Raging Capital Management LLC raised its holdings in Builders FirstSource by 111.9% during the 3rd quarter. Raging Capital Management LLC now owns 3,112,937 shares of the company’s stock worth $45,698,000 after purchasing an additional 1,643,836 shares during the last quarter. Finally, Robotti Robert raised its holdings in Builders FirstSource by 0.4% during the 3rd quarter. Robotti Robert now owns 2,075,205 shares of the company’s stock worth $30,464,000 after purchasing an additional 8,605 shares during the last quarter. Hedge funds and other institutional investors own 93.61% of the company’s stock.

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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