Are Analysts Bearish Builders FirstSource, Inc. (NASDAQ:BLDR) After Last Week?

Builders FirstSource, Inc. (NASDAQ:BLDR) LogoInvestors sentiment decreased to 0.79 in 2018 Q2. Its down 0.24, from 1.03 in 2018Q1. It is negative, as 40 investors sold Builders FirstSource, Inc. shares while 72 reduced holdings. 24 funds opened positions while 65 raised stakes. 89.53 million shares or 6.48% less from 95.73 million shares in 2018Q1 were reported.
Parallax Volatility Advisers Lp reported 4,228 shares. Neuberger Berman Gru Ltd Llc, New York-based fund reported 234,261 shares. Invesco Ltd holds 0.03% or 4.28 million shares in its portfolio. 83,835 are owned by Manufacturers Life Insur The. Goodhaven Capital Mgmt Ltd Limited Liability Company invested in 2.07% or 170,900 shares. Hanseatic Incorporated has invested 0% in Builders FirstSource, Inc. (NASDAQ:BLDR). Robertson Opportunity Llc has 1.55% invested in Builders FirstSource, Inc. (NASDAQ:BLDR). Hillcrest Asset Management Limited Co reported 522,430 shares. Quantbot Tech Lp accumulated 15,212 shares. Glenmede Tru Na reported 0.19% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR). 379,200 were accumulated by Putnam Limited Com. 6,018 are owned by Bnp Paribas Arbitrage Sa. Alps Advsr Incorporated reported 27,693 shares or 0% of all its holdings. Raging Capital Mngmt Ltd Liability Co stated it has 1.47 million shares or 4.03% of all its holdings. Fincl Architects accumulated 3,300 shares or 0.01% of the stock.

Since May 31, 2018, it had 2 insider buys, and 3 sales for $1.87 million activity. 50,000 shares valued at $1.01M were sold by SHERMAN FLOYD F on Wednesday, June 13. The insider BARR DAVID bought $937,800. 100,000 shares were bought by LEVY PAUL S, worth $1.60 million.

Builders FirstSource, Inc. (NASDAQ:BLDR) Ratings Coverage

Among 9 analysts covering Builders Firstsource (NASDAQ:BLDR), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Builders Firstsource had 11 analyst reports since June 7, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, August 9 by Stifel Nicolaus. The rating was downgraded by Stephens on Thursday, October 18 to “Equal-Weight”. Wedbush maintained it with “Outperform” rating and $27 target in Tuesday, July 17 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, August 13. As per Monday, November 5, the company rating was downgraded by Evercore. Deutsche Bank maintained Builders FirstSource, Inc. (NASDAQ:BLDR) rating on Monday, August 20. Deutsche Bank has “Buy” rating and $23 target. The firm earned “Buy” rating on Monday, November 5 by Deutsche Bank. The stock of Builders FirstSource, Inc. (NASDAQ:BLDR) has “Buy” rating given on Thursday, June 7 by FBR Capital. Below is a list of Builders FirstSource, Inc. (NASDAQ:BLDR) latest ratings and price target changes.

05/11/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $23 New Target: $19 Maintain
05/11/2018 Broker: Evercore Old Rating: In-Line New Rating: Underperform New Target: $14 Downgrade
18/10/2018 Broker: Stephens Old Rating: Overweight New Rating: Equal-Weight Downgrade
14/09/2018 Broker: DA Davidson Rating: Buy New Target: $20 Initiates Coverage On
20/08/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $25 New Target: $23 Maintain
13/08/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $21 New Target: $20 Maintain
09/08/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $28 New Target: $25 Maintain
17/07/2018 Broker: Wedbush Old Rating: Outperform New Rating: Outperform Old Target: $30 New Target: $27 Maintain
28/06/2018 Broker: M Partners Rating: Neutral New Target: $20 Initiates Coverage On
28/06/2018 Broker: Evercore Rating: In-Line New Target: $20 Initiates Coverage On

The stock decreased 0.92% or $0.12 during the last trading session, reaching $12.91. About 514,503 shares traded. Builders FirstSource, Inc. (NASDAQ:BLDR) has risen 0.71% since November 14, 2017 and is uptrending. It has underperformed by 14.91% the S&P500.

Builders FirstSource, Inc. manufactures and supplies building materials, manufactured components, and construction services to professional contractors, sub-contractors, and clients in the United States. The company has market cap of $1.48 billion. The Company’s 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. It has a 19.47 P/E ratio. The companyÂ’s manufactured products consist of wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood; gypsum, roofing and insulation products, including wallboards, ceilings, joint treatment, and finishes, as well as vinyl, composite, and wood sidings; and exterior trims, other exteriors, metal studs, and cement.

Another recent and important Builders FirstSource, Inc. (NASDAQ:BLDR) news was published by Globenewswire.com which published an article titled: “Builders FirstSource Reports Third Quarter 2018 Results” on November 01, 2018.

Builders FirstSource, Inc. (NASDAQ:BLDR) Institutional Positions Chart

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