SunTrust Robinson Downgrades Builders Firstsource (BLDR) to Hold

Builders Firstsource (BLDR) received a Hold rating from SunTrust Robinson analyst Keith Hughes today. The company’s shares closed yesterday at $12.40.

According to, Hughes is a 4-star analyst with an average return of 10.1% and a 54.5% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Armstrong Flooring Inc.

Currently, the analyst consensus on Builders Firstsource is a Moderate Buy with an average price target of $16.43, a 32.5% upside from current levels. In a report issued on January 10, D.A. Davidson also downgraded the stock to Hold with a $14 price target.

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Based on Builders Firstsource’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $73.33 million. In comparison, last year the company had a GAAP net loss of $42.7 million.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is neutral on the stock.

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Builers FirstSource, Inc. engages in the supply and manufacture of building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers. It operates through the following segments: Northeast, Southeast, South, and West.