Builders FirstSource (NYSE:BLDR) Stock Rating Cut to “Hold” at Loop Capital

Builders FirstSource (NYSE:BLDR) was downgraded by investment analysts at Loop Capital from a “buy” rating to a “hold” rating in a note issued to investors on Monday, MarketBeat reports. They currently have a $62.00 target price on the stock. Loop Capital‘s target price would suggest a potential upside of 9.00% from the company’s current price.

Several other research firms have also issued reports on BLDR. Royal Bank Of Canada decreased their target price on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Stifel Nicolaus set a $65.00 target price on Builders FirstSource in a report on Friday, September 18th. UBS Group set a $85.00 target price on Builders FirstSource in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $80.00 price target on shares of Builders FirstSource in a research note on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Builders FirstSource has an average rating of “Hold” and a consensus target price of $79.85.

Builders FirstSource Stock Up 0.1%

Shares of NYSE BLDR opened at $56.88 on Monday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 62.51, a PEG ratio of 1.89 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource has a 52-week low of $49.67 and a 52-week high of $131.50. The business’s 50 day moving average is $60.29 and its two-hundred day moving average is $71.73.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the company earned $2.38 earnings per share. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. Research analysts predict that Builders FirstSource will post 3.07 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IVC Wealth Advisors LLC acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at $613,000. Apollon Wealth Management LLC purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth $4,918,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth $196,000. Aries Wealth Management acquired a new position in shares of Builders FirstSource during the third quarter worth $154,000. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Builders FirstSource during the third quarter worth $76,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.