Builders FirstSource (NASDAQ:BLDR) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Other analysts have also recently issued reports about the company. Wedbush reissued a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a report on Thursday, September 7th. B. Riley boosted their price objective on Builders FirstSource from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Deutsche Bank boosted their target price on Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. SunTrust Banks restated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research report on Friday, November 10th. Finally, Barclays boosted their target price 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Builders FirstSource currently has an average rating of “Buy” and an average price target of $20.00.

Shares of Builders FirstSource (NASDAQ:BLDR) traded down $0.42 during trading hours on Friday, reaching $19.98. The company’s stock had a trading volume of 1,820,000 shares, compared to its average volume of 1,468,627. The company has a market cap of $2,256.56, a PE ratio of 19.40 and a beta of 2.15. Builders FirstSource has a 12-month low of $10.51 and a 12-month high of $20.52. 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 (NASDAQ:BLDR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. sell-side analysts expect that Builders FirstSource will post 1.06 EPS for the current fiscal year.

In other news, CEO Floyd F. Sherman sold 40,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $19.43, for a total transaction of $777,200.00. Following the completion of the transaction, the chief executive officer now directly owns 623,635 shares in the company, valued at approximately $12,117,228.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Cleveland A. Christophe sold 36,000 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $16.66, for a total value of $599,760.00. Following the transaction, the director now owns 48,181 shares of the company’s stock, valued at $802,695.46. The disclosure for this sale can be found here. Insiders have sold a total of 14,010,466 shares of company stock valued at $227,428,788 over the last 90 days. Corporate insiders own 14.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of Builders FirstSource by 8.9% in the 2nd quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock valued at $105,905,000 after purchasing an additional 563,694 shares during the period. Vanguard Group Inc. grew its position in shares of Builders FirstSource by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,034,263 shares of the company’s stock valued at $92,445,000 after purchasing an additional 119,876 shares during the period. Eagle Asset Management Inc. grew its position in shares of Builders FirstSource by 30.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock valued at $74,936,000 after purchasing an additional 997,132 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Builders FirstSource by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,257,642 shares of the company’s stock valued at $58,604,000 after purchasing an additional 63,672 shares during the period. Finally, Balyasny Asset Management LLC grew its position in shares of Builders FirstSource by 3.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,934,926 shares of the company’s stock valued at $29,643,000 after purchasing an additional 61,899 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

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About Builders FirstSource

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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