Builders FirstSource (NYSE:BLDR) Upgraded at Raymond James

Raymond James upgraded shares of Builders FirstSource (NYSE:BLDR) to a moderate buy rating in a research report sent to investors on Thursday,Zacks.com reports.

Several other equities research analysts have also commented on BLDR. DA Davidson upped their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, January 8th. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price objective for the company. Bank of America increased 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. Finally, StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $164.09 on Thursday. 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 has a 1 year low of $130.75 and a 1 year high of $214.70. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 0.75 and a beta of 2.11. The business has a fifty day moving average of $163.99 and a 200 day moving average of $169.54.

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

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its position in Builders FirstSource by 8.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,420 shares of the company’s stock valued at $1,346,000 after acquiring an additional 746 shares in the last quarter. UMB Bank n.a. raised its stake in Builders FirstSource by 108.3% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the company’s stock valued at $90,000 after buying an additional 327 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in Builders FirstSource by 103.1% during the 4th quarter. Diversify Advisory Services LLC now owns 2,701 shares of the company’s stock worth $378,000 after buying an additional 1,371 shares during the last quarter. Brady Martz Wealth Solutions LLC acquired a new position in shares of Builders FirstSource during the 4th quarter worth about $225,000. Finally, J2 Capital Management Inc purchased a new position in shares of Builders FirstSource in the 4th quarter valued at about $583,000. 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.