Builders FirstSource (NYSE:BLDR) Upgraded by Raymond James to Moderate Buy Rating

Builders FirstSource (NYSE:BLDR) was upgraded by Raymond James to a “moderate buy” rating in a report released on Thursday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research report on Wednesday, January 8th. DA Davidson raised their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Loop Capital upped 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. Wedbush reissued an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, Barclays lowered their price objective on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $164.09 on Thursday. The stock has a market capitalization of $18.88 billion, a P/E ratio of 16.02, a PEG ratio of 0.75 and a beta of 2.11. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The business’s fifty day moving average price is $163.99 and its 200 day moving average price is $169.30. Builders FirstSource has a twelve month low of $130.75 and a twelve month 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 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 firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.24 EPS. As a group, research analysts anticipate that Builders FirstSource will post 11.55 earnings per share for the current year.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource during the 3rd quarter worth $2,099,877,000. FMR LLC lifted its holdings in shares of Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after purchasing an additional 3,186,876 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Builders FirstSource by 23.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after purchasing an additional 277,897 shares during the last quarter. Baillie Gifford & Co. acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in Builders FirstSource in the 3rd quarter worth about $255,867,000. Institutional investors and hedge funds 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.