Builders FirstSource (NYSE:BLDR) Upgraded at 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 Tuesday morning.

Several other equities analysts have also commented on the company. DA Davidson increased their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Barclays increased their price target 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. Robert W. Baird lifted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Royal Bank of Canada upped their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and lifted their target price for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $208.75.

Builders FirstSource Stock Up 0.2 %

BLDR stock opened at $143.57 on Tuesday. The company’s 50 day moving average is $167.20 and its 200 day moving average is $168.77. The stock has a market cap 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. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70.

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

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource 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 transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

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

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.