Builders FirstSource’s (BLDR) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Builders FirstSource (NYSE:BLDR) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. They currently have a $175.00 target price on the stock.

Several other equities analysts also recently weighed in on BLDR. DA Davidson raised their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Jefferies Financial Group raised their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Stephens lifted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and increased their price target for the company from $165.00 to $220.00 in a report on Monday, September 16th. Finally, Royal Bank of Canada boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $208.75.

Builders FirstSource Trading Down 2.3 %

Shares of NYSE BLDR opened at $140.14 on Wednesday. Builders FirstSource has a 1 year low of $130.75 and a 1 year high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a 50-day moving average of $166.64 and a 200 day moving average of $168.60. The stock has a market cap of $16.13 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.96 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $4.24 earnings per share. As a group, sell-side analysts expect that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction on 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 transaction, the director now directly owns 33,083 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Brooklyn Investment Group purchased a new stake in Builders FirstSource in the 3rd quarter worth approximately $28,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Builders FirstSource in the third quarter worth $30,000. Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $39,000. Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at $46,000. Finally, Friedenthal Financial bought a new position in Builders FirstSource in the 3rd quarter worth $50,000. Institutional investors 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.