Builders FirstSource (NASDAQ:BLDR) Cut to Sell at ValuEngine

ValuEngine downgraded shares of Builders FirstSource (NASDAQ:BLDR) from a hold rating to a sell rating in a research report report published on Thursday morning, ValuEngine reports.

Other analysts also recently issued reports about the company. BidaskClub downgraded Builders FirstSource from a buy rating to a hold rating in a research report on Saturday, June 1st. Wedbush set a $18.00 price objective on Builders FirstSource and gave the stock a buy rating in a research report on Friday, May 3rd. Finally, Zacks Investment Research upgraded Builders FirstSource from a hold rating to a buy rating and set a $19.00 price objective for the company in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Builders FirstSource currently has a consensus rating of Hold and a consensus price target of $16.25.

Shares of NASDAQ:BLDR traded up $2.07 during trading on Thursday, reaching $18.87. 3,615,942 shares of the company traded hands, compared to its average volume of 813,094. The business’s 50 day moving average price is $16.48. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 2.03 and a beta of 2.03. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.88 and a quick ratio of 1.02. Builders FirstSource has a 52 week low of $10.15 and a 52 week high of $18.91.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.15. Builders FirstSource had a return on equity of 41.88% and a net margin of 2.84%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the company earned $0.54 EPS. Builders FirstSource’s revenue for the quarter was down 8.9% on a year-over-year basis. As a group, sell-side analysts forecast that Builders FirstSource will post 1.69 EPS for the current fiscal year.

In other Builders FirstSource news, Director Robert C. Griffin sold 11,133 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $15.08, for a total value of $167,885.64. Following the completion of the transaction, the director now owns 36,852 shares of the company’s stock, valued at approximately $555,728.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Peter M. Jackson sold 7,800 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $16.00, for a total value of $124,800.00. Following the completion of the transaction, the chief financial officer now directly owns 57,424 shares of the company’s stock, valued at approximately $918,784. The disclosure for this sale can be found here. In the last ninety days, insiders sold 500,146 shares of company stock valued at $8,134,697. Insiders own 2.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. increased its stake in shares of Builders FirstSource by 59.0% in the first quarter. Meeder Asset Management Inc. now owns 3,269 shares of the company’s stock valued at $44,000 after buying an additional 1,213 shares during the period. First Quadrant L P CA acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $80,000. SG Americas Securities LLC acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $120,000. Eqis Capital Management Inc. acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $142,000. Finally, Creative Planning increased its stake in shares of Builders FirstSource by 7.6% in the first quarter. Creative Planning now owns 11,269 shares of the company’s stock valued at $150,000 after buying an additional 800 shares during the period. 92.59% of the stock is owned by 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. 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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