Builders FirstSource (NYSE:BLDR) Raised to Buy at StockNews.com

Builders FirstSource (NYSE:BLDR - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday.

BLDR has been the topic of several other reports. Jefferies Financial Group increased their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. DA Davidson increased their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group assumed coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They set a "buy" rating and a $225.00 price objective on the stock. Stephens upped their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, Bank of America lifted their price target on Builders FirstSource from $165.00 to $198.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.00.

Builders FirstSource Trading Down 3.4 %

BLDR stock traded down $6.06 during mid-day trading on Tuesday, reaching $170.83. The company had a trading volume of 1,152,938 shares, compared to its average volume of 1,535,071. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market capitalization of $19.66 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.98 and a beta of 2.06. The firm has a 50 day moving average of $183.66 and a 200 day moving average of $169.00. Builders FirstSource has a 12 month low of $130.75 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS 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 firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.44 billion. During the same quarter in the previous year, the business earned $4.24 earnings per share. The company's revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities analysts predict that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction 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 directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Builders FirstSource

Hedge funds have recently made changes to their positions in the company. CWM LLC grew its stake in Builders FirstSource by 5.2% during the 2nd quarter. CWM LLC now owns 3,141 shares of the company's stock valued at $435,000 after purchasing an additional 155 shares during the last quarter. Wedmont Private Capital increased its holdings in Builders FirstSource by 13.5% in the 2nd quarter. Wedmont Private Capital now owns 2,099 shares of the company's stock worth $321,000 after buying an additional 249 shares during the period. PGGM Investments increased its holdings in Builders FirstSource by 13.1% in the 2nd quarter. PGGM Investments now owns 55,212 shares of the company's stock worth $7,642,000 after buying an additional 6,406 shares during the period. SteelPeak Wealth LLC purchased a new position in Builders FirstSource during the 2nd quarter worth approximately $1,514,000. Finally, J.Safra Asset Management Corp lifted its stake in Builders FirstSource by 1,250.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 432 shares of the company's stock valued at $60,000 after acquiring an additional 400 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

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.