Builders FirstSource (NYSE:BLDR) Raised to “Moderate Buy” at Raymond James

Builders FirstSource (NYSE:BLDR) was upgraded by investment analysts at Raymond James to a “moderate buy” rating in a report issued on Thursday,Zacks.com reports.

Several other equities analysts have also recently issued reports on BLDR. Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Robert W. Baird increased their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Wedbush reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. UBS Group began coverage on Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company. Finally, Barclays decreased their price target on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and an average price target of $205.71.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $164.09 on Thursday. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70. The stock has a market capitalization of $18.88 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 0.75 and a beta of 2.11. The company has a 50-day simple moving average of $163.99 and a 200-day simple moving average of $169.30. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

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

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors have recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in Builders FirstSource during the third quarter worth approximately $28,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Builders FirstSource during the third quarter worth $30,000. Reston Wealth Management LLC purchased a new stake in shares of Builders FirstSource in the third quarter valued at $39,000. Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource in the third quarter valued at $46,000. Finally, Mather Group LLC. lifted its position in Builders FirstSource by 340.7% during the third quarter. Mather Group LLC. now owns 260 shares of the company’s stock worth $50,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.