Builders FirstSource (NYSE:BLDR) Upgraded at StockNews.com

StockNews.com upgraded shares of Builders FirstSource (NYSE:BLDR - Free Report) from a hold rating to a buy rating in a report issued on Tuesday morning.

Several other brokerages have also recently commented on BLDR. Bank of America boosted their target price on Builders FirstSource from $165.00 to $198.00 and gave the stock a "neutral" rating in a report on Thursday, September 19th. Wedbush reaffirmed an "outperform" rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. DA Davidson upped their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Barclays upped their price target on Builders FirstSource from $182.00 to $211.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Finally, UBS Group started coverage on Builders FirstSource in a report on Friday, October 25th. They issued a "buy" rating and a $232.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and a consensus price target of $210.00.

Builders FirstSource Price Performance

NYSE:BLDR traded down $2.11 during midday trading on Tuesday, hitting $143.54. 1,323,604 shares of the stock were exchanged, compared to its average volume of 1,043,997. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 0.96 and a beta of 2.11. The business has a 50-day moving average price of $167.78 and a two-hundred day moving average price of $168.95. 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:BLDR - Get Free Report) last announced its earnings results 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 the consensus estimate of $4.44 billion. During the same period in the previous year, the firm earned $4.24 EPS. Builders FirstSource's revenue for the quarter was down 6.7% on a year-over-year basis. Sell-side analysts predict that Builders FirstSource will post 11.55 EPS for the current year.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 33,083 shares of the company's stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Builders FirstSource

Hedge funds have recently modified their holdings of the stock. Mountaineer Partners Management LLC acquired a new position in Builders FirstSource in the third quarter valued at approximately $2,099,877,000. FMR LLC lifted its holdings in Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company's stock valued at $1,969,259,000 after buying an additional 3,186,876 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock valued at $282,697,000 after buying an additional 277,897 shares during the period. Baillie Gifford & Co. acquired a new stake in Builders FirstSource in the third quarter worth $267,132,000. Finally, Diamond Hill Capital Management Inc. acquired a new stake in Builders FirstSource in the third quarter worth $255,867,000. 95.53% of the stock is owned by institutional investors.

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.