Builders FirstSource (NASDAQ:BLDR) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Monday.
According to Zacks, “Builders FirstSource is a leading supplier and manufacturer of structural and related building products for residential new construction in the United States. Manufacturing facilities include plants that manufacture roof and floor trusses, wall panels, stairs, aluminum and vinyl windows, custom millwork and pre-hung doors. Builders FirstSource also distributes windows, interior and exterior doors, dimensional lumber and lumber sheet goods, millwork and other building products. “
A number of other research analysts also recently commented on the stock. TheStreet downgraded shares of Builders FirstSource from a “b-” rating to a “c+” rating in a research note on Thursday, October 25th. Stephens downgraded shares of Builders FirstSource from an “overweight” rating to an “equal” rating and set a $19.00 price objective on the stock. in a research note on Thursday, October 18th. BidaskClub upgraded shares of Builders FirstSource from a “strong sell” rating to a “sell” rating in a research note on Friday, October 26th. Barclays reduced their price objective on shares of Builders FirstSource from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 12th. Finally, DA Davidson downgraded shares of Builders FirstSource from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $14.00 in a research note on Thursday, January 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.82.
NASDAQ BLDR opened at $13.52 on Monday. Builders FirstSource has a 12 month low of $10.15 and a 12 month high of $22.08. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.21 and a current ratio of 2.09. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 7.25, a P/E/G ratio of 1.55 and a beta of 2.22.
In other Builders FirstSource news, COO David E. Rush purchased 4,000 shares of Builders FirstSource stock in a transaction dated Monday, December 10th. The shares were bought at an average cost of $11.73 per share, for a total transaction of $46,920.00. Following the transaction, the chief operating officer now owns 30,390 shares in the company, valued at approximately $356,474.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brett N. Milgrim sold 17,676 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $11.18, for a total transaction of $197,617.68. Following the completion of the transaction, the director now owns 49,399 shares in the company, valued at $552,280.82. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP bought a new position in shares of Builders FirstSource in the 3rd quarter worth about $194,000. Virtu Financial LLC bought a new position in shares of Builders FirstSource in the 4th quarter worth about $121,000. Janus Henderson Group PLC bought a new position in shares of Builders FirstSource in the 3rd quarter worth about $276,000. IndexIQ Advisors LLC lifted its position in shares of Builders FirstSource by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 114,579 shares of the company’s stock worth $1,682,000 after buying an additional 4,328 shares during the last quarter. Finally, Zeke Capital Advisors LLC bought a new position in shares of Builders FirstSource in the 3rd quarter worth about $262,000. Institutional investors own 93.10% of the company’s stock.
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.
Further Reading: Balance Sheet
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.