Builders FirstSource (BLDR) Stock Rating Upgraded by TheStreet
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.
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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