Builders FirstSource (NYSE:BLDR) Upgraded at StockNews.com

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

Several other equities research analysts also recently commented on the stock. Stephens upped their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group started coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target on the stock. Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and raised their price objective for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Finally, Royal Bank of Canada upped their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $210.00.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $144.03 on Wednesday. The stock has a market capitalization of $16.58 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 0.96 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. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70. The firm’s 50-day moving average price is $169.12 and its two-hundred day moving average price is $168.66.

Builders FirstSource (NYSE:BLDR) last released its quarterly 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). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the firm earned $4.24 earnings per share. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, equities analysts predict that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Builders FirstSource

A number of institutional investors have recently modified their holdings of BLDR. Mountaineer Partners Management LLC bought a new position in Builders FirstSource in the 3rd quarter worth about $2,099,877,000. FMR LLC boosted its holdings in Builders FirstSource by 45.7% in the 3rd 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 period. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at $267,132,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the third quarter worth $255,867,000. Finally, Massachusetts Financial Services Co. MA boosted 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 valued at $163,373,000 after buying an additional 911,990 shares during the period. 95.53% of the stock is currently 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.