Builders FirstSource (NYSE:BLDR) Now Covered by Raymond James

Raymond James initiated coverage on shares of Builders FirstSource (NYSE:BLDR) in a research report report published on Friday, Marketbeat reports. The firm issued an outperform rating and a $180.00 price target on the stock.

Other equities analysts have also recently issued reports about the stock. Stephens raised their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Wedbush reissued an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Barclays reduced their target price on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a report on Thursday. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, DA Davidson lifted their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Four 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Price Performance

NYSE:BLDR opened at $164.09 on Friday. The business’s 50-day simple moving average is $163.99 and its two-hundred day simple moving average is $169.30. Builders FirstSource has a 52 week low of $130.75 and a 52 week high of $214.70. The stock has a market cap of $18.88 billion, a PE ratio of 16.02, a P/E/G ratio of 0.75 and a beta of 2.11. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business posted $4.24 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, analysts forecast that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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 directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds have recently bought and sold shares of BLDR. Cyndeo Wealth Partners LLC boosted its stake in shares of Builders FirstSource by 3.7% during the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock valued at $305,000 after purchasing an additional 56 shares during the period. World Equity Group Inc. boosted its position in Builders FirstSource by 4.1% in the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after buying an additional 64 shares during the period. HighTower Advisors LLC boosted its position in Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after buying an additional 64 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after acquiring an additional 65 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Builders FirstSource by 0.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock valued at $1,417,000 after acquiring an additional 74 shares in the last quarter. 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.