Builders FirstSource, Inc. (NASDAQ:BLDR) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $15.52 and last traded at $15.62, with a volume of 883991 shares traded. The stock had previously closed at $15.85.
Several research analysts have issued reports on BLDR shares. Wedbush reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Builders FirstSource in a report on Thursday, May 10th. Evercore ISI started coverage on Builders FirstSource in a report on Thursday, June 28th. They set an “in-line” rating and a $20.00 price objective on the stock. Royal Bank of Canada started coverage on Builders FirstSource in a report on Wednesday, June 27th. They set an “outperform” rating on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 price objective (down previously from $28.00) on shares of Builders FirstSource in a report on Thursday, August 9th. Finally, BidaskClub raised Builders FirstSource from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $22.42.
The company has a debt-to-equity ratio of 4.23, a current ratio of 2.04 and a quick ratio of 1.12. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 12.18 and a beta of 2.00.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). The company 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%. equities research analysts anticipate that Builders FirstSource, Inc. will post 1.85 earnings per share for the current year.
In related news, Director Floyd F. Sherman sold 50,000 shares of the company’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $20.21, for a total value of $1,010,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Barr acquired 60,000 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was purchased at an average price of $15.63 per share, with a total value of $937,800.00. Following the transaction, the director now owns 79,496 shares in the company, valued at $1,242,522.48. The disclosure for this purchase can be found here. In the last three months, insiders sold 96,756 shares of company stock worth $1,779,965. 2.30% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC bought a new stake in shares of Builders FirstSource in the 1st quarter valued at $104,000. NumerixS Investment Technologies Inc increased its position 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. DekaBank Deutsche Girozentrale bought a new stake in shares of Builders FirstSource in the 1st quarter valued at $112,000. Hilltop Holdings Inc. bought a new stake in shares of Builders FirstSource in the 1st quarter valued at $203,000. Finally, Royal Bank of Canada increased its position 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. Institutional investors and hedge funds own 93.31% of the company’s stock.
Builders FirstSource Company Profile (NASDAQ:BLDR)
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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