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

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

Several other analysts have also recently issued reports on the company. Loop Capital increased their target price on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Jefferies Financial Group increased their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and boosted their target price for the stock from $165.00 to $220.00 in a report on Monday, September 16th. The Goldman Sachs Group assumed 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. Finally, UBS Group assumed coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 price target on the stock. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company 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 $145.78 on Tuesday. The company has a market capitalization of $16.78 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.96 and a beta of 2.11. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70. The firm’s 50 day simple moving average is $168.34 and its two-hundred day simple moving average is $168.94. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share 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 firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the firm posted $4.24 EPS. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. Research analysts expect that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction dated 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 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 at this hyperlink. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Mountaineer Partners Management LLC bought a new position in shares of Builders FirstSource in the third quarter worth about $2,099,877,000. FMR LLC grew its stake in Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares in the last quarter. Baillie Gifford & Co. bought a new position in Builders FirstSource in the 3rd quarter worth about $267,132,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource during the third quarter worth approximately $255,867,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock valued at $163,373,000 after acquiring an additional 911,990 shares in the last quarter. 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.