Builders FirstSource (BLDR) Rating Lowered to Strong Sell at BidaskClub

Builders FirstSource (NASDAQ:BLDR) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages also recently weighed in on BLDR. Stephens set a $21.00 price target on shares of Builders FirstSource and gave the company a “buy” rating in a report on Monday, August 6th. ValuEngine raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Stifel Nicolaus reissued a “buy” rating and issued a $25.00 price target (down from $28.00) on shares of Builders FirstSource in a report on Thursday, August 9th. Wedbush increased their price target on shares of Builders FirstSource from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. Finally, MKM Partners began coverage on shares of Builders FirstSource in a report on Wednesday, June 27th. They issued a “neutral” rating and a $20.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Builders FirstSource presently has a consensus rating of “Hold” and a consensus target price of $22.23.

NASDAQ BLDR opened at $14.87 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 4.23. The firm has a market cap of $1.77 billion, a P/E ratio of 11.71, a PEG ratio of 4.25 and a beta of 1.99. Builders FirstSource has a 1 year low of $14.84 and a 1 year high of $23.28.

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 Thomson Reuters’ consensus estimate of $0.56 by ($0.02). The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.06 billion. Builders FirstSource had a return on equity of 44.19% and a net margin of 1.03%. equities research analysts expect that Builders FirstSource will post 1.82 earnings per share for the current year.

In other news, Director Robert C. Griffin sold 16,756 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $17.15, for a total value of $287,365.40. Following the completion of the transaction, the director now owns 30,104 shares in the company, valued at approximately $516,283.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul S. Levy acquired 100,000 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was acquired at an average price of $15.98 per share, with a total value of $1,598,000.00. Following the purchase, the director now owns 1,117,984 shares in the company, valued at approximately $17,865,384.32. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in BLDR. Altshuler Shaham Ltd acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $24,638,000. Millennium Management LLC acquired a new stake in shares of Builders FirstSource during the 1st quarter worth about $15,212,000. BlackRock Inc. increased its position in shares of Builders FirstSource by 7.3% during the 2nd quarter. BlackRock Inc. now owns 8,631,344 shares of the company’s stock worth $157,869,000 after purchasing an additional 585,206 shares in the last quarter. Sei Investments Co. increased its position in shares of Builders FirstSource by 497.1% during the 2nd quarter. Sei Investments Co. now owns 635,305 shares of the company’s stock worth $11,621,000 after purchasing an additional 528,913 shares in the last quarter. Finally, Hillcrest Asset Management LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth about $9,555,000. Institutional investors own 93.30% 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. 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.

Further Reading: Earnings Per Share (EPS)

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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