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

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

Several other research firms have also commented on BLDR. Bank of America boosted their price target on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Loop Capital boosted their target price on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. DA Davidson raised their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Barclays increased their target price on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.00.

Builders FirstSource Trading Up 1.2 %

NYSE BLDR opened at $145.78 on Tuesday. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.96 and a beta of 2.11. The company’s 50-day simple moving average is $168.34 and its two-hundred day simple moving average is $168.94.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) 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 the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.24 earnings per share. Equities analysts forecast that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction 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 directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TD Asset Management Inc raised its stake in shares of Builders FirstSource by 32.0% during the 2nd quarter. TD Asset Management Inc now owns 61,202 shares of the company’s stock valued at $8,471,000 after buying an additional 14,834 shares during the last quarter. Private Advisor Group LLC raised its position in Builders FirstSource by 107.3% during the second quarter. Private Advisor Group LLC now owns 9,999 shares of the company’s stock valued at $1,384,000 after acquiring an additional 5,176 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Builders FirstSource in the second quarter valued at approximately $162,000. Oak Thistle LLC boosted its position in Builders FirstSource by 36.8% in the 2nd quarter. Oak Thistle LLC now owns 2,102 shares of the company’s stock worth $291,000 after purchasing an additional 565 shares in the last quarter. Finally, Choreo LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $224,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.