Builders FirstSource (NYSE:BLDR) Research Coverage Started at Raymond James

Raymond James assumed coverage on shares of Builders FirstSource (NYSE:BLDR) in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm issued an outperform rating and a $180.00 target price on the stock.

Other analysts also recently issued reports about the company. Barclays lowered their price target on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Jefferies Financial Group boosted their target price on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, 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 report on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.71.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $164.09 on Friday. The firm has a market cap of $18.88 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 0.75 and a beta of 2.11. The firm has a fifty day moving average price of $163.99 and a 200 day moving average price of $169.79. Builders FirstSource has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

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 the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the company earned $4.24 earnings per share. The firm’s revenue was down 6.7% on a year-over-year basis. As a group, sell-side 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 Builders FirstSource stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now owns 33,083 shares in the company, valued at $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 available at the SEC website. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Builders FirstSource

A number of institutional investors have recently modified their holdings of BLDR. Mountaineer Partners Management LLC acquired a new stake in Builders FirstSource in the third quarter valued at approximately $2,099,877,000. FMR LLC boosted its position in shares of 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 purchasing an additional 3,186,876 shares in the last quarter. Baillie Gifford & Co. purchased a new position in Builders FirstSource during the 3rd quarter worth $267,132,000. Diamond Hill Capital Management Inc. acquired a new position in Builders FirstSource during the 3rd quarter valued at about $255,867,000. Finally, Loomis Sayles & Co. L P raised its stake in Builders FirstSource by 256,479.8% in the third quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock valued at $128,331,000 after buying an additional 661,718 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

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.