Builders FirstSource, Inc. (BLDR) Receives Consensus Recommendation of “Hold” from Brokerages

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Builders FirstSource, Inc. (NASDAQ:BLDR) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $16.50.

Several brokerages have recently weighed in on BLDR. Wedbush set a $18.00 price target on Builders FirstSource and gave the company a “buy” rating in a research report on Friday, May 3rd. BidaskClub upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Zacks Investment Research upgraded Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday, May 9th. ValuEngine upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Buckingham Research began coverage on Builders FirstSource in a research report on Monday, February 25th. They set a “neutral” rating and a $15.00 price target on the stock.

Shares of BLDR traded up $0.13 during midday trading on Friday, hitting $16.21. 34,626 shares of the company traded hands, compared to its average volume of 1,168,200. Builders FirstSource has a one year low of $10.15 and a one year high of $20.79. The stock has a market cap of $1.83 billion, a PE ratio of 8.55, a P/E/G ratio of 1.90 and a beta of 2.19. The company has a quick ratio of 1.02, a current ratio of 1.88 and a debt-to-equity ratio of 2.47.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Thursday, February 28th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Builders FirstSource had a return on equity of 41.88% and a net margin of 2.84%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Analysts expect that Builders FirstSource will post 1.66 earnings per share for the current fiscal year.

In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 116,327 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $16.38, for a total value of $1,905,436.26. Following the completion of the sale, the senior vice president now owns 324,476 shares of the company’s stock, valued at $5,314,916.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Craig Arthur Steinke sold 87,987 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $16.31, for a total value of $1,435,067.97. Following the completion of the sale, the director now directly owns 95,896 shares of the company’s stock, valued at approximately $1,564,063.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 353,473 shares of company stock worth $5,815,052. 2.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in Builders FirstSource in the fourth quarter worth approximately $30,000. Meeder Asset Management Inc. boosted its stake in shares of Builders FirstSource by 59.0% during the first quarter. Meeder Asset Management Inc. now owns 3,269 shares of the company’s stock valued at $44,000 after purchasing an additional 1,213 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Builders FirstSource by 2,338.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,389 shares of the company’s stock valued at $37,000 after purchasing an additional 3,250 shares during the period. State of Tennessee Treasury Department purchased a new stake in shares of Builders FirstSource during the first quarter valued at approximately $59,000. Finally, First Quadrant L P CA purchased a new stake in shares of Builders FirstSource during the first quarter valued at approximately $80,000. 94.77% of the stock is owned by institutional investors and hedge funds.

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. 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.

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Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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