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

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

Several other equities analysts have also recently commented on BLDR. DA Davidson upped their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Stephens raised their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. UBS Group initiated coverage on Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 price target on the stock. Bank of America upped their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group raised their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $210.00.

Builders FirstSource Stock Down 0.3 %

Shares of Builders FirstSource stock traded down $0.44 during trading on Wednesday, hitting $142.93. 1,103,621 shares of the stock traded hands, compared to its average volume of 1,540,210. The company has a fifty day moving average price of $170.65 and a two-hundred day moving average price of $168.89. Builders FirstSource has a twelve month low of $130.75 and a twelve month high of $214.70. The stock has a market cap of $16.45 billion, a P/E ratio of 13.96, a PEG ratio of 0.96 and a beta of 2.06. 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 (NYSE:BLDR) last announced its earnings results 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). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the company earned $4.24 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. Equities research analysts predict that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Insiders Place Their Bets

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 transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds have recently added to or reduced their stakes in BLDR. Mountaineer Partners Management LLC bought a new position in shares of Builders FirstSource during the third quarter valued at $2,099,877,000. FMR LLC lifted its stake in Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares during the period. Baillie Gifford & Co. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $267,132,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $255,867,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Builders FirstSource by 339.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after purchasing an additional 911,990 shares during 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.