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

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

Several other equities research analysts have also recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Jefferies Financial Group lifted their price target on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays increased their price objective on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. The Goldman Sachs Group assumed coverage on Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price on the stock. Finally, Robert W. Baird increased their price target on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. 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. According to MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus price target of $208.75.

Builders FirstSource Trading Up 0.2 %

Shares of Builders FirstSource stock opened at $143.57 on Tuesday. 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. The company has a market capitalization of $16.52 billion, a P/E ratio of 14.02, a P/E/G ratio of 0.96 and a beta of 2.11. The company has a fifty day moving average of $167.20 and a 200 day moving average of $168.77.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the company earned $4.24 EPS. On average, sell-side analysts anticipate that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated 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 owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new position in Builders FirstSource during the 3rd quarter valued at about $28,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Builders FirstSource during the third quarter worth about $30,000. Reston Wealth Management LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at about $39,000. Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $46,000. Finally, Mather Group LLC. raised its position in shares of Builders FirstSource by 340.7% in the 3rd quarter. Mather Group LLC. now owns 260 shares of the company’s stock valued at $50,000 after purchasing an additional 201 shares during the last quarter. 95.53% of the stock is currently owned by 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.