DA Davidson assumed coverage on shares of Builders FirstSource (NASDAQ:BLDR) in a research report released on Thursday morning, The Fly reports. The firm issued a buy rating and a $20.00 target price on the stock.

BLDR has been the topic of a number of other research reports. Royal Bank of Canada started coverage on Builders FirstSource in a report on Wednesday, June 27th. They issued an outperform rating on the stock. Deutsche Bank dropped their target price on Builders FirstSource from $25.00 to $23.00 and set a buy rating on the stock in a report on Monday, August 20th. BidaskClub upgraded Builders FirstSource from a strong sell rating to a sell rating in a report on Thursday. Evercore ISI started coverage on Builders FirstSource in a report on Thursday, June 28th. They issued an in-line rating and a $20.00 target price on the stock. Finally, ValuEngine downgraded Builders FirstSource from a sell rating to a strong sell rating in a report on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $22.23.

Shares of BLDR opened at $16.48 on Thursday. The stock has a market capitalization of $1.96 billion, a PE ratio of 12.98 and a beta of 1.99. Builders FirstSource has a fifty-two week low of $15.26 and a fifty-two week high of $23.28. 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 (NASDAQ:BLDR) last issued its earnings results on Tuesday, August 7th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.06 billion. Builders FirstSource had a net margin of 1.03% and a return on equity of 44.19%. sell-side analysts expect that Builders FirstSource will post 1.84 EPS for the current fiscal year.

In related news, Director Cleveland A. Christophe sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $16.07, for a total value of $482,100.00. Following the completion of the sale, the director now owns 24,991 shares of the company’s stock, valued at approximately $401,605.37. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert C. Griffin sold 16,756 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $17.15, for a total value of $287,365.40. Following the completion of the sale, the director now directly owns 30,104 shares of the company’s stock, valued at approximately $516,283.60. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BLDR. NumerixS Investment Technologies Inc grew its stake in shares of Builders FirstSource by 229.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock valued at $101,000 after buying an additional 3,902 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new stake in shares of Builders FirstSource in the 1st quarter valued at approximately $104,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Builders FirstSource in the 1st quarter valued at approximately $112,000. Hilltop Holdings Inc. bought a new stake in shares of Builders FirstSource in the 1st quarter valued at approximately $203,000. Finally, Royal Bank of Canada grew its stake in shares of Builders FirstSource by 140.2% in the 1st quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock valued at $218,000 after buying an additional 6,401 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

About Builders FirstSource

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.

Featured Article: Stop Order Uses For Individual Investors

The Fly

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.