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

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

A number of other equities research analysts have also commented on BLDR. UBS Group started coverage on Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 price target for the company. Loop Capital increased their target price on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and upped their target price for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Stephens raised their price objective on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $208.75.

Builders FirstSource Stock Up 0.2 %

NYSE:BLDR opened at $143.57 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a 50-day simple moving average of $167.78 and a 200 day simple moving average of $168.95. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.96 and a beta of 2.11. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70.

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

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently added to or reduced their stakes in BLDR. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $28,000. Armstrong Advisory Group Inc. bought a new stake in Builders FirstSource during the third quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new position in Builders FirstSource in the third quarter worth approximately $39,000. Brown Brothers Harriman & Co. bought a new position in shares of Builders FirstSource in the third quarter valued at $46,000. Finally, Friedenthal Financial acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at $50,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.