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 released on Thursday morning.

A number of other equities research analysts have also recently commented on BLDR. Jefferies Financial Group raised their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a buy rating in a research note on Thursday, April 18th. Zelman & Associates restated a hold rating on shares of Builders FirstSource in a research note on Monday, June 17th. DA Davidson reissued a neutral rating and set a $185.00 price target on shares of Builders FirstSource in a report on Thursday, March 28th. Truist Financial dropped their price objective on Builders FirstSource from $190.00 to $180.00 and set a hold rating for the company in a research note on Wednesday, May 8th. Finally, Robert W. Baird decreased their target price on Builders FirstSource from $207.00 to $197.00 and set a neutral rating on the stock in a research note on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $192.47.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $138.41 on Thursday. Builders FirstSource has a 12-month low of $105.24 and a 12-month high of $214.70. The firm has a market capitalization of $16.89 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 2.23 and a beta of 2.08. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The firm has a 50 day moving average of $162.63 and a 200 day moving average of $176.12.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period in the prior year, the business posted $2.96 EPS. Builders FirstSource’s revenue was up .2% on a year-over-year basis. On average, research analysts anticipate that Builders FirstSource will post 12.93 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Michael Hiller sold 4,875 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the sale, the insider now owns 30,106 shares in the company, valued at approximately $4,794,380.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Michael Hiller sold 4,875 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in shares of Builders FirstSource during the 3rd quarter worth $261,000. Envestnet Portfolio Solutions Inc. purchased a new position in Builders FirstSource during the 3rd quarter valued at about $333,000. Envestnet Asset Management Inc. raised its holdings in shares of Builders FirstSource by 96.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 121,817 shares of the company’s stock valued at $15,165,000 after purchasing an additional 59,951 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Builders FirstSource by 19.2% in the 3rd quarter. Stifel Financial Corp now owns 85,488 shares of the company’s stock worth $10,642,000 after purchasing an additional 13,768 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of Builders FirstSource by 48.1% during the third quarter. Federated Hermes Inc. now owns 46,702 shares of the company’s stock valued at $5,814,000 after purchasing an additional 15,167 shares in 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.