Builders FirstSource (NYSE:BLDR) Stock Rating Upgraded by StockNews.com

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

Other analysts have also issued reports about the stock. UBS Group initiated coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective on the stock. Stephens increased their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. DA Davidson boosted their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and increased their target price for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Finally, The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They set a “buy” rating and a $225.00 target price for the company. Three investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $142.93 on Wednesday. The stock has a 50 day moving average price of $170.65 and a 200-day moving average price of $168.89. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. 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 return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm earned $4.24 earnings per share. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. Equities analysts expect 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 firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction 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. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Builders FirstSource

Several hedge funds have recently modified their holdings of BLDR. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Builders FirstSource by 16.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,632 shares of the company’s stock valued at $1,195,000 after purchasing an additional 1,203 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Builders FirstSource by 33.2% during the second quarter. Natixis Advisors LLC now owns 22,385 shares of the company’s stock worth $3,098,000 after acquiring an additional 5,574 shares during the last quarter. Versor Investments LP increased its holdings in shares of Builders FirstSource by 56.0% during the second quarter. Versor Investments LP now owns 3,900 shares of the company’s stock valued at $540,000 after acquiring an additional 1,400 shares in the last quarter. Financial Enhancement Group LLC raised its position in shares of Builders FirstSource by 3.8% in the 2nd quarter. Financial Enhancement Group LLC now owns 4,199 shares of the company’s stock valued at $581,000 after purchasing an additional 155 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of Builders FirstSource by 32.0% in the 2nd quarter. TD Asset Management Inc now owns 61,202 shares of the company’s stock valued at $8,471,000 after purchasing an additional 14,834 shares during the last quarter. 95.53% of the stock is 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.