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

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

A number of other brokerages have also issued reports on BLDR. Oppenheimer reissued an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. Loop Capital raised their price objective on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. DA Davidson raised their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird raised their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $210.00.

Read Our Latest Report on BLDR

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded down $0.44 during midday trading on Wednesday, reaching $142.93. 1,103,621 shares of the company were exchanged, compared to its average volume of 1,540,210. The stock has a market cap of $16.45 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. The business’s fifty day moving average is $170.65 and its two-hundred day moving average is $168.89. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70. 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 (NYSE:BLDRGet Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share 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%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the business posted $4.24 earnings per share. As a group, analysts predict that Builders FirstSource will post 11.55 earnings per share for the current year.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm’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 owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Builders FirstSource by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after acquiring an additional 58,436 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Builders FirstSource by 38.5% during the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock worth $39,025,000 after purchasing an additional 56,009 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Builders FirstSource by 18.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,270 shares of the company’s stock worth $639,000 after buying an additional 500 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in Builders FirstSource in the 3rd quarter valued at $547,000. Finally, American Trust boosted its stake in shares of Builders FirstSource by 5.0% during the third quarter. American Trust now owns 3,626 shares of the company’s stock worth $703,000 after buying an additional 174 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

(Get Free Report)

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.

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