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

StockNews.com upgraded shares of Builders FirstSource (NYSE:BLDR) from a hold rating to a buy rating in a research report report published on Tuesday.

Several other research firms have also recently issued reports on BLDR. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and increased their price objective for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. 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 target price for the company. Jefferies Financial Group upped their price target on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada upped their target price on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

Builders FirstSource Trading Down 0.9 %

NYSE BLDR opened at $170.67 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a market cap of $19.64 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 0.98 and a beta of 2.06. The firm has a 50 day simple moving average of $182.21 and a 200-day simple moving average of $169.03. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its earnings results 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). The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.24 EPS. Equities research analysts anticipate that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s 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 completion of the sale, the director now directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Builders FirstSource

Hedge funds and other institutional investors have recently modified their holdings of the business. Mountaineer Partners Management LLC acquired a new position in Builders FirstSource in the third quarter worth about $2,099,877,000. FMR LLC lifted its stake in Builders FirstSource by 45.7% during the third 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 during the last quarter. Baillie Gifford & Co. acquired a new position in Builders FirstSource in the third quarter worth $267,132,000. Diamond Hill Capital Management Inc. bought a new position in shares of Builders FirstSource in the 3rd quarter worth about $255,867,000. Finally, Massachusetts Financial Services Co. MA raised its stake in 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 worth $163,373,000 after acquiring an additional 911,990 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.