Stifel Nicolaus Reiterates “Buy” Rating for Builders FirstSource (NYSE:BLDR)

Builders FirstSource (NYSE:BLDR)‘s stock had its “buy” rating restated by stock analysts at Stifel Nicolaus in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have a $175.00 price objective on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 21.89% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada raised their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Jefferies Financial Group boosted 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. Bank of America increased their target price on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Oppenheimer reissued an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group began coverage on Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price objective on the stock. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.75.

Builders FirstSource Stock Up 0.2 %

BLDR stock opened at $143.57 on Wednesday. Builders FirstSource has a 12 month low of $130.75 and a 12 month 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 company’s 50 day simple moving average is $167.20 and its 200-day simple moving average is $168.77. The firm has a market capitalization of $16.52 billion, a PE ratio of 14.02, a P/E/G ratio of 0.96 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.24 earnings per share. Equities analysts expect that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction on Thursday, November 7th. The shares were 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 $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Builders FirstSource

Large investors have recently bought and sold shares of the business. TD Asset Management Inc raised its stake in shares of Builders FirstSource by 32.0% during the second 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 in the last quarter. Private Advisor Group LLC lifted its stake in shares of Builders FirstSource by 107.3% in the 2nd quarter. Private Advisor Group LLC now owns 9,999 shares of the company’s stock worth $1,384,000 after acquiring an additional 5,176 shares during the period. Choreo LLC bought a new position in shares of Builders FirstSource in the second quarter valued at approximately $224,000. Daiwa Securities Group Inc. increased its stake in shares of Builders FirstSource by 1.3% during the second quarter. Daiwa Securities Group Inc. now owns 20,937 shares of the company’s stock valued at $2,898,000 after acquiring an additional 278 shares during the period. Finally, Headlands Technologies LLC raised its holdings in Builders FirstSource by 107.7% during the second quarter. Headlands Technologies LLC now owns 11,052 shares of the company’s stock worth $1,530,000 after purchasing an additional 5,730 shares in the last quarter. 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.