Builders FirstSource, Inc. (NASDAQ:BLDR) Given Consensus Rating of “Hold” by Brokerages

Builders FirstSource, Inc. (NASDAQ:BLDR) has received a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.18.

BLDR has been the topic of a number of recent analyst reports. B. Riley dropped their price target on shares of Builders FirstSource from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. Zacks Investment Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 6th. ValuEngine raised shares of Builders FirstSource from a “strong sell” rating to a “sell” rating in a research report on Monday, March 11th. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Finally, TheStreet raised shares of Builders FirstSource from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th.

In related news, Director Robert C. Griffin sold 11,133 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $15.08, for a total transaction of $167,885.64. Following the transaction, the director now owns 36,852 shares of the company’s stock, valued at $555,728.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter M. Jackson sold 7,800 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $16.00, for a total transaction of $124,800.00. Following the transaction, the chief financial officer now directly owns 57,424 shares in the company, valued at approximately $918,784. The disclosure for this sale can be found here. Insiders have sold 500,146 shares of company stock worth $8,134,697 in the last ninety days. 2.20% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in BLDR. Norges Bank bought a new position in Builders FirstSource during the fourth quarter worth $16,471,000. Deutsche Bank AG increased its position in Builders FirstSource by 50.6% during the fourth quarter. Deutsche Bank AG now owns 1,014,976 shares of the company’s stock worth $11,071,000 after acquiring an additional 341,155 shares during the period. Beaconlight Capital LLC increased its position in Builders FirstSource by 13.9% during the fourth quarter. Beaconlight Capital LLC now owns 2,688,474 shares of the company’s stock worth $29,331,000 after acquiring an additional 327,533 shares during the period. Two Sigma Investments LP bought a new position in Builders FirstSource during the fourth quarter worth $2,882,000. Finally, Marshall Wace LLP bought a new position in Builders FirstSource during the first quarter worth $3,396,000. 93.17% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:BLDR opened at $16.86 on Friday. Builders FirstSource has a 12 month low of $10.15 and a 12 month high of $18.86. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 1.95 and a beta of 2.05. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.02 and a current ratio of 1.88. The company has a 50 day moving average price of $15.28.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. Builders FirstSource had a net margin of 2.84% and a return on equity of 41.88%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, research analysts expect that Builders FirstSource will post 1.67 EPS for the current fiscal year.

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. 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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