Stifel Nicolaus Reiterates “Buy” Rating for Builders FirstSource (NASDAQ:BLDR)

Stifel Nicolaus restated their buy rating on shares of Builders FirstSource (NASDAQ:BLDR) in a report issued on Thursday, August 9th, MarketBeat Ratings reports. They currently have a $25.00 target price on the stock, down from their prior target price of $28.00.

A number of other brokerages also recently weighed in on BLDR. BidaskClub upgraded Builders FirstSource from a strong sell rating to a sell rating in a report on Tuesday, May 22nd. Zacks Investment Research downgraded Builders FirstSource from a buy rating to a hold rating in a research note on Wednesday, May 23rd. Wedbush restated an outperform rating and set a $30.00 price objective on shares of Builders FirstSource in a research note on Thursday, May 10th. ValuEngine downgraded Builders FirstSource from a buy rating to a hold rating in a research note on Friday, June 1st. Finally, Royal Bank of Canada initiated coverage on Builders FirstSource in a research report on Wednesday, June 27th. They set an outperform rating for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Builders FirstSource currently has an average rating of Hold and an average target price of $22.42.

Builders FirstSource stock traded down $0.23 during midday trading on Thursday, hitting $15.62. 883,900 shares of the company were exchanged, compared to its average volume of 1,136,522. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.12 and a current ratio of 2.04. Builders FirstSource has a fifty-two week low of $15.18 and a fifty-two week high of $23.28. The firm has a market capitalization of $1.83 billion, a PE ratio of 12.30 and a beta of 2.07.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). Builders FirstSource had a return on equity of 44.19% and a net margin of 1.03%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.06 billion. analysts forecast that Builders FirstSource will post 1.85 earnings per share for the current fiscal year.

In related news, Director Robert C. Griffin sold 16,756 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $17.15, for a total transaction of $287,365.40. Following the transaction, the director now directly owns 30,104 shares of the company’s stock, valued at $516,283.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Floyd F. Sherman sold 50,000 shares of the company’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $20.21, for a total value of $1,010,500.00. The disclosure for this sale can be found here. Insiders have sold 96,756 shares of company stock worth $1,779,965 over the last ninety days. 2.30% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in Builders FirstSource by 0.9% in the 1st quarter. Wells Fargo & Company MN now owns 438,327 shares of the company’s stock worth $8,697,000 after purchasing an additional 3,741 shares during the last quarter. NumerixS Investment Technologies Inc increased its position in Builders FirstSource by 229.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock worth $101,000 after purchasing an additional 3,902 shares during the last quarter. Guggenheim Capital LLC increased its position in Builders FirstSource by 11.3% in the 4th quarter. Guggenheim Capital LLC now owns 42,953 shares of the company’s stock worth $935,000 after purchasing an additional 4,374 shares during the last quarter. Swiss National Bank increased its position in Builders FirstSource by 2.3% in the 1st quarter. Swiss National Bank now owns 196,300 shares of the company’s stock worth $3,895,000 after purchasing an additional 4,400 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new position in Builders FirstSource in the 1st quarter worth about $104,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

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. 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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