Builders FirstSource (BLDR) Downgraded to Buy at BidaskClub

BidaskClub cut shares of Builders FirstSource (NASDAQ:BLDR) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday, January 11th.

Other equities analysts also recently issued research reports about the stock. B. Riley reissued a buy rating on shares of Builders FirstSource in a report on Wednesday, November 1st. Zacks Investment Research upgraded Builders FirstSource from a sell rating to a hold rating in a research note on Monday, November 13th. ValuEngine upgraded Builders FirstSource from a hold rating to a buy rating in a research note on Sunday, December 31st. Barclays increased their price target on Builders FirstSource from $15.00 to $17.00 and gave the stock an equal weight rating in a research report on Friday, November 10th. Finally, Seaport Global Securities restated a buy rating and set a $26.00 price target on shares of Builders FirstSource in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $23.41.

Shares of Builders FirstSource (NASDAQ:BLDR) traded up $0.40 during midday trading on Thursday, reaching $20.32. 766,910 shares of the company traded hands, compared to its average volume of 1,279,970. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.86 and a quick ratio of 1.06. Builders FirstSource has a 12 month low of $11.42 and a 12 month high of $23.28. The company has a market capitalization of $2,351.44, a price-to-earnings ratio of 26.34 and a beta of 2.01.

In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 166,714 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the transaction, the senior vice president now owns 179,805 shares of the company’s stock, valued at approximately $3,265,258.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider M Chad Crow sold 158,384 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $18.24, for a total value of $2,888,924.16. Following the transaction, the insider now directly owns 446,248 shares in the company, valued at approximately $8,139,563.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 377,598 shares of company stock worth $6,950,025. Company insiders own 14.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $110,000. SG Americas Securities LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $114,000. Ameritas Investment Partners Inc. grew its stake in shares of Builders FirstSource by 17.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after purchasing an additional 1,253 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Builders FirstSource by 10,237.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after purchasing an additional 8,497 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $147,000. 96.73% of the stock is currently owned by institutional investors.

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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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