Builders FirstSource (NASDAQ:BLDR) was upgraded by research analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued on Wednesday.

A number of other brokerages have also commented on BLDR. BidaskClub raised shares of Builders FirstSource from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 22nd. Zacks Investment Research lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Wednesday, May 23rd. Wedbush reissued an “outperform” rating and set a $30.00 price objective on shares of Builders FirstSource in a report on Thursday, May 10th. ValuEngine lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Finally, Royal Bank of Canada assumed coverage on shares of Builders FirstSource in a report on Wednesday, June 27th. They set an “outperform” rating on the stock. Two 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 company currently has an average rating of “Hold” and an average target price of $22.36.

Shares of BLDR traded up $0.16 during trading hours on Wednesday, hitting $17.05. The stock had a trading volume of 30,235 shares, compared to its average volume of 1,152,504. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.12 and a current ratio of 2.04. Builders FirstSource has a 52 week low of $14.39 and a 52 week high of $23.28. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 13.36 and a beta of 2.07.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Builders FirstSource had a return on equity of 44.19% and a net margin of 1.03%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.06 billion. sell-side analysts anticipate that Builders FirstSource will post 1.87 EPS for the current fiscal year.

In other Builders FirstSource news, Director Cleveland A. Christophe sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $16.07, for a total transaction of $482,100.00. Following the transaction, the director now directly owns 24,991 shares in the company, valued at approximately $401,605.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Floyd F. Sherman sold 50,000 shares of the company’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $20.21, for a total transaction of $1,010,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,686 shares of company stock worth $2,463,546. Corporate insiders own 2.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. NorthCoast Asset Management LLC acquired a new position in Builders FirstSource during the 2nd quarter valued at about $756,000. Putnam Investments LLC acquired a new position in Builders FirstSource during the 2nd quarter valued at about $6,936,000. Soapstone Management L.P. lifted its position in Builders FirstSource by 30.8% during the 2nd quarter. Soapstone Management L.P. now owns 1,675,000 shares of the company’s stock valued at $30,636,000 after purchasing an additional 394,394 shares during the period. Zebra Capital Management LLC lifted its position in Builders FirstSource by 19.1% during the 2nd quarter. Zebra Capital Management LLC now owns 52,718 shares of the company’s stock valued at $964,000 after purchasing an additional 8,472 shares during the period. Finally, Hillcrest Asset Management LLC acquired a new position in Builders FirstSource during the 2nd quarter valued at about $9,555,000. Institutional investors own 95.38% 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.

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Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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