Builders FirstSource (NYSE:BLDR) Raised to Buy at StockNews.com

Builders FirstSource (NYSE:BLDR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts have also recently weighed in on BLDR. Wedbush reissued an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Robert W. Baird increased their target price on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. DA Davidson increased their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Jefferies Financial Group raised their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, UBS Group assumed coverage on Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus target price of $208.75.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $143.57 on Tuesday. Builders FirstSource has a 12-month low of $130.75 and a 12-month high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $167.78 and a 200-day simple moving average of $168.95. The company has a market cap of $16.52 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.96 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the business earned $4.24 earnings per share. On average, equities analysts forecast that Builders FirstSource will post 11.55 EPS for the current year.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in Builders FirstSource during the third quarter worth about $28,000. Armstrong Advisory Group Inc. purchased a new position in Builders FirstSource in the 3rd quarter valued at approximately $30,000. Reston Wealth Management LLC bought a new position in Builders FirstSource in the 3rd quarter worth about $39,000. Brown Brothers Harriman & Co. purchased a new stake in Builders FirstSource during the 3rd quarter valued at about $46,000. Finally, Mather Group LLC. increased its holdings in shares of Builders FirstSource by 340.7% in the 3rd quarter. Mather Group LLC. now owns 260 shares of the company’s stock worth $50,000 after purchasing an additional 201 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.