Builders FirstSource (NYSE:BLDR) Receives "Buy" Rating from Stifel Nicolaus

Builders FirstSource (NYSE:BLDR - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They currently have a $175.00 target price on the stock. Stifel Nicolaus' target price indicates a potential upside of 21.89% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on the company. Truist Financial upgraded Builders FirstSource from a "hold" rating to a "buy" rating and upped their price objective for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. StockNews.com upgraded shares of Builders FirstSource from a "hold" rating to a "buy" rating in a research note on Tuesday. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They issued a "buy" rating and a $225.00 price objective for the company. DA Davidson upped their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Finally, Stephens lifted their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Three investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.75.

Builders FirstSource Stock Up 0.2 %

BLDR traded up $0.25 during trading hours on Wednesday, hitting $143.57. 1,323,167 shares of the company's stock were exchanged, compared to its average volume of 1,100,193. 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 has a 1-year low of $130.75 and a 1-year high of $214.70. The stock's 50-day moving average is $167.78 and its two-hundred day moving average is $168.95. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 0.96 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced 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). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the business earned $4.24 EPS. Builders FirstSource's revenue was down 6.7% on a year-over-year basis. Sell-side analysts predict that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of the company's stock in a transaction 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 in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BLDR. JPMorgan Chase & Co. increased its holdings in Builders FirstSource by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company's stock valued at $153,766,000 after buying an additional 58,436 shares during the period. Forsta AP Fonden increased its stake in Builders FirstSource by 12.1% in the third quarter. Forsta AP Fonden now owns 26,800 shares of the company's stock valued at $5,195,000 after acquiring an additional 2,900 shares during the last quarter. Principal Financial Group Inc. raised its position in Builders FirstSource by 38.5% during the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company's stock valued at $39,025,000 after purchasing an additional 56,009 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Builders FirstSource by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company's stock worth $152,343,000 after purchasing an additional 16,000 shares during the last quarter. Finally, AMF Tjanstepension AB acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at $1,471,000. Institutional investors and hedge funds 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.