Builders FirstSource (NYSE:BLDR) Upgraded 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 note released on Wednesday morning.

BLDR has been the topic of a number of other reports. The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price on the stock. Royal Bank of Canada upped 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. Wedbush reiterated an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. UBS Group assumed coverage on Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 price target on the stock. Finally, Jefferies Financial Group lifted their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $210.00.

Builders FirstSource Stock Down 0.3 %

Shares of NYSE:BLDR opened at $142.93 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 stock’s 50-day moving average is $170.65 and its 200 day moving average is $168.89. The company has a market cap of $16.45 billion, a PE ratio of 13.96, a P/E/G ratio of 0.96 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last issued 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). 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 previous year, the firm posted $4.24 earnings per share. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. Sell-side analysts anticipate that Builders FirstSource will post 11.55 EPS for the current year.

Insider Activity

In related 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 completion of the transaction, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group purchased a new position in Builders FirstSource during the 3rd quarter valued at approximately $28,000. Armstrong Advisory Group Inc. bought a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $30,000. Reston Wealth Management LLC purchased a new position in shares of Builders FirstSource in the third quarter valued at $39,000. Brown Brothers Harriman & Co. bought a new stake in Builders FirstSource in the third quarter worth $46,000. Finally, Mather Group LLC. raised its stake in Builders FirstSource by 340.7% during the third quarter. Mather Group LLC. now owns 260 shares of the company’s stock valued at $50,000 after purchasing an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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.