Builders FirstSource (BLDR) Upgraded at BidaskClub

BidaskClub upgraded shares of Builders FirstSource (NASDAQ:BLDR) from a sell rating to a hold rating in a research note published on Friday.

BLDR has been the topic of several other reports. ValuEngine cut Builders FirstSource from a hold rating to a sell rating in a research report on Tuesday, August 7th. Zacks Investment Research cut Builders FirstSource from a buy rating to a hold rating in a research report on Monday, August 6th. Stephens set a $21.00 target price on Builders FirstSource and gave the stock a buy rating in a research report on Monday, August 6th. Stifel Nicolaus reissued a buy rating and issued a $25.00 target price (down from $28.00) on shares of Builders FirstSource in a research report on Thursday, August 9th. Finally, TheStreet raised Builders FirstSource from a c+ rating to a b rating in a research report on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $19.18.

NASDAQ BLDR opened at $13.53 on Friday. Builders FirstSource has a one year low of $11.60 and a one year high of $23.28. The stock has a market capitalization of $1.55 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 1.44 and a beta of 1.93. The company has a quick ratio of 1.21, a current ratio of 2.09 and a debt-to-equity ratio of 3.39.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.59 by $0.08. Builders FirstSource had a return on equity of 48.32% and a net margin of 1.44%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the company earned $0.39 EPS. Builders FirstSource’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, sell-side analysts expect that Builders FirstSource will post 1.88 EPS for the current year.

In related news, Director Paul S. Levy acquired 100,000 shares of the stock in a transaction dated Thursday, September 6th. The shares were purchased at an average cost of $15.98 per share, with a total value of $1,598,000.00. Following the transaction, the director now directly owns 1,117,984 shares in the company, valued at $17,865,384.32. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Floyd F. Sherman sold 196,512 shares of Builders FirstSource stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $13.78, for a total value of $2,707,935.36. Following the transaction, the director now directly owns 478,346 shares in the company, valued at $6,591,607.88. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. NumerixS Investment Technologies Inc lifted its position in shares of Builders FirstSource by 229.8% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock valued at $101,000 after buying an additional 3,902 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at about $194,000. Royal Bank of Canada lifted its position in shares of Builders FirstSource by 140.2% during the 1st quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock valued at $218,000 after buying an additional 6,401 shares in the last quarter. Jefferies Group LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at about $227,000. Finally, Wilen Investment Management CORP. purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at about $245,000. 90.57% 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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