Builders FirstSource (NYSE:BLDR) Receives Outperform Rating from Wedbush

Wedbush reissued their outperform rating on shares of Builders FirstSource (NYSE:BLDR - Free Report) in a research report report published on Wednesday morning, Marketbeat.com reports. The brokerage currently has a $230.00 target price on the stock.

Several other equities analysts also recently weighed in on the company. Jefferies Financial Group raised their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price target on Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Royal Bank of Canada raised their price target on Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. DA Davidson raised their price target on Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group initiated coverage on Builders FirstSource in a research report on Thursday, October 10th. They set a "buy" rating and a $225.00 price target for the company. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and a consensus price target of $210.00.

Builders FirstSource Stock Performance

Builders FirstSource stock traded down $8.09 during mid-day trading on Wednesday, reaching $152.03. 1,959,414 shares of the company were exchanged, compared to its average volume of 1,533,529. Builders FirstSource has a twelve month low of $130.75 and a twelve month high of $214.70. The firm's 50-day simple moving average is $180.39 and its two-hundred day simple moving average is $169.13. 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 firm has a market cap of $17.50 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly 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). The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm's quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.24 earnings per share. Equities analysts predict that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 33,083 shares of the company's stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLDR. Innealta Capital LLC bought a new position in Builders FirstSource during the 2nd quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource in the third quarter valued at $28,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Builders FirstSource in the third quarter valued at $30,000. First Horizon Advisors Inc. lifted its holdings in shares of Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. Finally, New Millennium Group LLC purchased a new stake in shares of Builders FirstSource in the second quarter valued at $38,000. 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.