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

Builders FirstSource (NYSE:BLDR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target for the company. Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Loop Capital increased their target price on Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Stephens boosted their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird raised their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

Builders FirstSource Trading Up 0.8 %

Shares of NYSE BLDR opened at $172.09 on Tuesday. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The business’s 50 day moving average is $182.71 and its two-hundred day moving average is $169.02. The stock has a market capitalization of $19.80 billion, a P/E ratio of 16.81, a PEG ratio of 0.98 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the company posted $4.24 earnings per share. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, research analysts expect that Builders FirstSource will post 11.55 EPS for the current year.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm’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 completion of the transaction, the director now 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors have recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in Builders FirstSource in the third quarter valued at $28,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $30,000. Innealta Capital LLC purchased a new position in Builders FirstSource during the 2nd quarter worth approximately $27,000. Reston Wealth Management LLC acquired a new position in Builders FirstSource during the third quarter worth approximately $39,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Builders FirstSource in the third quarter valued at approximately $46,000. 95.53% of the stock is owned by hedge funds and other 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.