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.
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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