Builders FirstSource (NYSE:BLDR) Cut to Hold at Loop Capital

Loop Capital cut shares of Builders FirstSource (NYSE:BLDR) from a buy rating to a hold rating in a report published on Monday, Marketbeat.com reports. The firm currently has $62.00 target price on the stock.

Several other equities research analysts also recently commented on BLDR. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. UBS Group set a $85.00 price objective on shares of Builders FirstSource in a research report on Thursday, October 1st. BMO Capital Markets reiterated a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a research note on Thursday, August 6th. Wells Fargo & Company dropped their price objective on shares of Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Finally, Royal Bank Of Canada reduced their target price on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average target price of $79.35.

Builders FirstSource Trading Down 1.7%

Shares of BLDR opened at $55.72 on Monday. The stock’s 50-day moving average is $59.58 and its two-hundred day moving average is $81.32. The stock has a market cap of $6.00 billion, a PE ratio of 61.23, a P/E/G ratio of 1.89 and a beta of 1.45. Builders FirstSource has a 12 month low of $49.67 and a 12 month high of $131.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Builders FirstSource during the 2nd quarter worth $700,934,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $134,908,000. Bank of America Corp DE acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $83,832,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $48,738,000. Finally, Jupiter Topco LLC bought a new position in shares of Builders FirstSource during the second quarter worth about $73,935,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

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.