Builders FirstSource (NYSE:BLDR) Stock Rating Upgraded by StockNews.com

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

Several other analysts also recently weighed in on the company. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and boosted their price objective for the company from $165.00 to $220.00 in a research report on Monday, September 16th. Barclays boosted their price objective on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. DA Davidson raised their target price on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Jefferies Financial Group boosted their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, UBS Group began coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price for the company. Three research 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $210.00.

Builders FirstSource Price Performance

BLDR opened at $144.03 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $16.58 billion, a P/E ratio of 14.07, a PEG ratio of 0.96 and a beta of 2.11. The stock has a 50-day moving average price of $169.12 and a 200-day moving average price of $168.66. Builders FirstSource has a 12-month low of $130.75 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data 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). The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $4.24 EPS. 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 that occurred on 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 directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in Builders FirstSource in the 3rd quarter worth approximately $28,000. Armstrong Advisory Group Inc. purchased a new position in Builders FirstSource during the third quarter valued at $30,000. Reston Wealth Management LLC bought a new stake in Builders FirstSource in the 3rd quarter valued at $39,000. Brown Brothers Harriman & Co. purchased a new stake in Builders FirstSource in the 3rd quarter worth $46,000. Finally, Mather Group LLC. grew its position in shares of Builders FirstSource by 340.7% during the third quarter. Mather Group LLC. now owns 260 shares of the company’s stock valued at $50,000 after purchasing an additional 201 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.