BidaskClub Lowers Builders FirstSource, Inc. (NASDAQ:BLDR) to Hold

BidaskClub lowered shares of Builders FirstSource, Inc. (NASDAQ:BLDR) from a buy rating to a hold rating in a research note published on Monday, July 31st.

Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Builders FirstSource from a buy rating to a hold rating in a research note on Monday, April 24th. Citigroup Inc. raised their target price on shares of Builders FirstSource from $14.00 to $17.00 and gave the stock a neutral rating in a research note on Thursday, May 11th. Wedbush restated an outperform rating and issued a $20.00 target price (up previously from $19.00) on shares of Builders FirstSource in a research note on Wednesday, May 17th. Finally, FBR & Co restated a buy rating and issued a $20.00 target price on shares of Builders FirstSource in a research note on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $17.29.

Builders FirstSource (BLDR) traded down 1.58% on Monday, reaching $15.57. 549,164 shares of the company’s stock were exchanged. Builders FirstSource has a 1-year low of $9.04 and a 1-year high of $17.22. The firm has a 50-day moving average price of $15.86 and a 200-day moving average price of $14.76. The company has a market capitalization of $1.75 billion, a P/E ratio of 10.30 and a beta of 2.16.

Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the business earned $0.31 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Equities research analysts expect that Builders FirstSource will post $1.12 earnings per share for the current year.

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In other news, CEO Floyd F. Sherman sold 35,000 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $14.91, for a total value of $521,850.00. Following the completion of the transaction, the chief executive officer now owns 633,635 shares in the company, valued at approximately $9,447,497.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in BLDR. Mesirow Financial Investment Management Inc. bought a new position in shares of Builders FirstSource during the second quarter worth about $465,000. 1st Global Advisors Inc. increased its position in Builders FirstSource by 1.0% in the second quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock valued at $210,000 after buying an additional 137 shares during the period. Schneider Capital Management Corp increased its position in Builders FirstSource by 3.7% in the second quarter. Schneider Capital Management Corp now owns 280,661 shares of the company’s stock valued at $4,300,000 after buying an additional 10,000 shares during the period. Ameritas Investment Partners Inc. increased its position in Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after buying an additional 1,253 shares during the period. Finally, Castleark Management LLC increased its position in Builders FirstSource by 6.9% in the second quarter. Castleark Management LLC now owns 611,367 shares of the company’s stock valued at $9,366,000 after buying an additional 39,687 shares during the period. Institutional investors and hedge funds own 85.17% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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