Builders FirstSource (NYSE:BLDR) Earns Outperform Rating from Analysts at Raymond James

Stock analysts at Raymond James started coverage on shares of Builders FirstSource (NYSE:BLDR - Get Free Report) in a research note issued to investors on Friday, MarketBeat reports. The firm set an "outperform" rating and a $180.00 price target on the stock. Raymond James' price target suggests a potential upside of 9.06% from the stock's previous close.

A number of other analysts also recently issued reports on the company. Wedbush reaffirmed an "outperform" rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Robert W. Baird upped their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Stephens increased their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. DA Davidson boosted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $205.71.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded up $4.39 on Friday, hitting $165.05. 793,822 shares of the company traded hands, compared to its average volume of 1,596,428. Builders FirstSource has a 52 week low of $130.75 and a 52 week high of $214.70. The business has a 50-day simple moving average of $164.27 and a 200 day simple moving average of $169.09. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a market capitalization of $18.99 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 0.75 and a beta of 2.11.

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 net margin of 7.40% and a return on equity of 33.55%. The company 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 company earned $4.24 EPS. The firm's revenue for the quarter was down 6.7% on a year-over-year basis. Research analysts expect that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other Builders FirstSource 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Institutional Trading of Builders FirstSource

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cyndeo Wealth Partners LLC increased its position in Builders FirstSource by 3.7% during the 3rd 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. increased its holdings in Builders FirstSource by 4.1% during the third 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 raised its stake in Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company's stock worth $4,296,000 after buying an additional 64 shares in the last quarter. Integrated Investment Consultants LLC lifted its holdings in 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 buying an additional 65 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Builders FirstSource by 0.7% during the 2nd 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. 95.53% of the stock is currently owned by institutional investors.

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.