Builders FirstSource (NYSE:BLDR) Raised to “Moderate Buy” at Raymond James

Raymond James upgraded shares of Builders FirstSource (NYSE:BLDR) to a moderate buy rating in a research report sent to investors on Thursday,Zacks.com reports.

A number of other research analysts also recently weighed in on BLDR. DA Davidson upped their price target on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Jefferies Financial Group upped their target price on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Barclays reduced their price target on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday. The Goldman Sachs Group began 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. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price objective on shares of Builders FirstSource in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $164.09 on Thursday. The firm has a 50 day moving average of $163.99 and a 200-day moving average of $169.30. The company has a market cap of $18.88 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 0.75 and a beta of 2.11. 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 52 week low of $130.75 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the business posted $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 forecast that Builders FirstSource will post 11.55 earnings per share for the current year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Several large investors have recently modified their holdings of BLDR. JPMorgan Chase & Co. grew its stake in shares of Builders FirstSource by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after acquiring an additional 58,436 shares during the period. Oak Thistle LLC purchased a new stake in Builders FirstSource during the fourth quarter valued at about $1,136,000. Forsta AP Fonden boosted its position in Builders FirstSource by 12.1% during the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock worth $5,195,000 after purchasing an additional 2,900 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of Builders FirstSource in the fourth quarter worth about $405,000. Finally, Principal Financial Group Inc. raised its position in shares of Builders FirstSource by 38.5% in 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 during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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.