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

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

A number of other research firms have also weighed in on BLDR. Bank of America boosted their target price on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Barclays increased their price objective on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Royal Bank of Canada lifted their target price on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Wedbush restated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, DA Davidson upped their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.00.

Builders FirstSource Stock Down 0.7 %

Shares of NYSE:BLDR opened at $141.98 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource has a 52-week low of $130.75 and a 52-week high of $214.70. The company has a market capitalization of $16.34 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. The company has a fifty day moving average of $169.86 and a 200-day moving average of $168.71.

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

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction 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 sale, 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 position. 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 Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its position in shares of Builders FirstSource by 16.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,632 shares of the company’s stock valued at $1,195,000 after buying an additional 1,203 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Builders FirstSource by 33.2% in the second quarter. Natixis Advisors LLC now owns 22,385 shares of the company’s stock valued at $3,098,000 after purchasing an additional 5,574 shares during the last quarter. Versor Investments LP raised its holdings in shares of Builders FirstSource by 56.0% in the second quarter. Versor Investments LP now owns 3,900 shares of the company’s stock valued at $540,000 after purchasing an additional 1,400 shares during the last quarter. Financial Enhancement Group LLC lifted its position in shares of Builders FirstSource by 3.8% during the second quarter. Financial Enhancement Group LLC now owns 4,199 shares of the company’s stock valued at $581,000 after purchasing an additional 155 shares in the last quarter. Finally, TD Asset Management Inc grew its position in Builders FirstSource by 32.0% in the 2nd quarter. TD Asset Management Inc now owns 61,202 shares of the company’s stock worth $8,471,000 after purchasing an additional 14,834 shares in the last quarter. 95.53% of the stock is owned by 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.