Builders FirstSource (NYSE:BLDR) Now Covered by Analysts at Raymond James

Raymond James assumed coverage on shares of Builders FirstSource (NYSE:BLDR) in a report issued on Friday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $180.00 price target on the stock. Raymond James’ price target would indicate a potential upside of 12.07% from the company’s current price.

Several other research analysts have also recently weighed in on the company. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday. Robert W. Baird lifted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada increased their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Loop Capital upped their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, DA Davidson raised their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Trading Down 0.6 %

Builders FirstSource stock opened at $160.61 on Friday. Builders FirstSource has a 52 week low of $130.75 and a 52 week high of $214.70. The stock has a 50-day moving average price of $164.27 and a 200 day moving average price of $169.09. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $18.48 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 0.75 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last released 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). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the company earned $4.24 EPS. The firm’s revenue was down 6.7% compared to the same quarter last year. Sell-side analysts anticipate that Builders FirstSource will post 11.55 EPS for the current year.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Several large investors have recently modified their holdings of the business. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth about $28,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Builders FirstSource during the third quarter valued at about $30,000. Reston Wealth Management LLC purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $39,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $46,000. Finally, Mather Group LLC. lifted 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 acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Company Profile

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.