Builders FirstSource’s (BLDR) Buy Rating Reiterated at Stifel Nicolaus

Builders FirstSource (NYSE:BLDR)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a report released on Wednesday, MarketBeat Ratings reports. They presently have a $175.00 target price on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 21.89% from the stock’s previous close.

Several other brokerages also recently commented on BLDR. Robert W. Baird upped their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Bank of America increased their target price on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and lifted their price target for the company from $165.00 to $220.00 in a report on Monday, September 16th. The Goldman Sachs Group assumed coverage on Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price objective for the company. Finally, Oppenheimer restated an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.75.

Builders FirstSource Stock Up 0.2 %

NYSE BLDR opened at $143.57 on Wednesday. Builders FirstSource has a 12 month low of $130.75 and a 12 month high of $214.70. The company has a market capitalization of $16.52 billion, a P/E ratio of 14.02, a PEG ratio of 0.96 and a beta of 2.11. The company’s 50 day simple moving average is $167.20 and its 200 day simple moving average is $168.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16.

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 the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion for 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% compared to the same quarter last year. During the same period in the prior year, the business earned $4.24 earnings per share. Equities research analysts expect 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 the stock in a transaction dated 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 in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Trading of Builders FirstSource

A number of institutional investors and hedge funds have recently modified their holdings of BLDR. TD Asset Management Inc raised its stake in shares of Builders FirstSource by 32.0% in the 2nd quarter. TD Asset Management Inc now owns 61,202 shares of the company’s stock valued at $8,471,000 after buying an additional 14,834 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Builders FirstSource by 107.3% during the second quarter. Private Advisor Group LLC now owns 9,999 shares of the company’s stock valued at $1,384,000 after purchasing an additional 5,176 shares in the last quarter. Choreo LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at approximately $224,000. Daiwa Securities Group Inc. raised its holdings in shares of Builders FirstSource by 1.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 20,937 shares of the company’s stock worth $2,898,000 after buying an additional 278 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Builders FirstSource by 107.7% during the 2nd quarter. Headlands Technologies LLC now owns 11,052 shares of the company’s stock worth $1,530,000 after buying an additional 5,730 shares during the period. 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.