A number of other equities analysts have also weighed in on BLDR. Zacks Investment Research upgraded Builders FirstSource from a sell rating to a hold rating in a research note on Monday, June 8th. DA Davidson reiterated a buy rating and set a $20.00 price objective (down previously from $33.00) on shares of Builders FirstSource in a research note on Thursday, April 9th. Wedbush lifted their price objective on Builders FirstSource from $23.00 to $28.00 and gave the company an outperform rating in a research note on Friday, June 5th. B. Riley cut their price target on Builders FirstSource from $16.00 to $14.00 and set a neutral rating for the company in a research note on Monday, May 4th. Finally, Royal Bank of Canada restated a buy rating and issued a $20.00 price target on shares of Builders FirstSource in a research note on Sunday, May 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $21.79.
NASDAQ BLDR opened at $20.70 on Friday. The stock has a 50-day simple moving average of $20.41 and a two-hundred day simple moving average of $20.92. The firm has a market capitalization of $2.41 billion, a P/E ratio of 12.47 and a beta of 2.47. Builders FirstSource has a fifty-two week low of $9.00 and a fifty-two week high of $28.43. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.12 and a current ratio of 1.87.
In other Builders FirstSource news, Director Floyd F. Sherman sold 45,903 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $16.05, for a total transaction of $736,743.15. Following the completion of the sale, the director now directly owns 147,771 shares in the company, valued at approximately $2,371,724.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Floyd F. Sherman sold 14,097 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $17.75, for a total value of $250,221.75. Following the sale, the director now owns 147,771 shares of the company’s stock, valued at $2,622,935.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,000 shares of company stock valued at $1,951,715. 1.80% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of BLDR. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Builders FirstSource during the 1st quarter worth approximately $21,676,000. Norges Bank acquired a new position in shares of Builders FirstSource during the 4th quarter worth approximately $38,100,000. Renaissance Technologies LLC boosted its holdings in shares of Builders FirstSource by 51.0% during the 4th quarter. Renaissance Technologies LLC now owns 4,126,819 shares of the company’s stock worth $104,862,000 after purchasing an additional 1,394,719 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Builders FirstSource by 554.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,024,051 shares of the company’s stock worth $12,524,000 after purchasing an additional 867,500 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Builders FirstSource by 110.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,529,942 shares of the company’s stock worth $38,878,000 after purchasing an additional 802,934 shares during the last quarter. Institutional investors and hedge funds own 98.59% 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. 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.
Featured Story: The basics of gap trading strategies
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.