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

StockNews.com upgraded shares of Builders FirstSource (NYSE:BLDR) from a hold rating to a buy rating in a research report report published on Tuesday morning.

A number of other research analysts also recently weighed in on BLDR. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective on the stock. UBS Group initiated coverage on Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price on the stock. Loop Capital upped their price objective on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Oppenheimer restated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada raised their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.00.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $170.83 on Tuesday. The company has a 50 day moving average of $183.17 and a 200 day moving average of $169.00. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource has a twelve month low of $130.75 and a twelve month high of $214.70. The firm has a market cap of $19.66 billion, a P/E ratio of 16.68, a PEG ratio of 0.98 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last released 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 business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the business earned $4.24 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. As a group, research analysts expect that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Insider Transactions at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction 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. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in Builders FirstSource in the third quarter worth about $28,000. Armstrong Advisory Group Inc. purchased a new position in Builders FirstSource during the third quarter valued at approximately $30,000. Innealta Capital LLC bought a new position in Builders FirstSource in the second quarter worth approximately $27,000. Reston Wealth Management LLC bought a new position in Builders FirstSource in the third quarter worth approximately $39,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Builders FirstSource during the 3rd quarter valued at $46,000. 95.53% of the stock is owned by institutional investors.

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.