Somewhat Positive Press Coverage Somewhat Unlikely to Impact Builders FirstSource (BLDR) Stock Price

Media stories about Builders FirstSource (NASDAQ:BLDR) have trended somewhat positive on Thursday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Builders FirstSource earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.258630875835 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

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Several analysts recently issued reports on BLDR shares. BidaskClub lowered shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. Zacks Investment Research lowered shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Wedbush restated an “outperform” rating and issued a $30.00 target price on shares of Builders FirstSource in a research report on Thursday, May 10th. Finally, ValuEngine lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $22.88.

NASDAQ BLDR traded up $0.01 during mid-day trading on Thursday, reaching $18.39. 32,424 shares of the stock were exchanged, compared to its average volume of 895,594. Builders FirstSource has a one year low of $14.39 and a one year high of $23.28. The company has a market capitalization of $2.11 billion, a PE ratio of 14.48 and a beta of 2.02. The company has a quick ratio of 1.15, a current ratio of 2.09 and a debt-to-equity ratio of 4.81.

Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Wednesday, May 9th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.08. Builders FirstSource had a net margin of 0.81% and a return on equity of 41.83%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm earned $0.11 earnings per share. Builders FirstSource’s quarterly revenue was up 10.9% on a year-over-year basis. equities analysts expect that Builders FirstSource will post 1.87 earnings per share for the current fiscal year.

In other Builders FirstSource news, Director Brett N. Milgrim sold 34,930 shares of Builders FirstSource stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $19.57, for a total value of $683,580.10. Following the completion of the sale, the director now directly owns 60,265 shares of the company’s stock, valued at $1,179,386.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Floyd F. Sherman sold 50,000 shares of Builders FirstSource stock in a transaction on 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. 2.30% of the stock is owned by company insiders.

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.