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

Builders FirstSource (NYSE:BLDR) was upgraded by stock analysts at Raymond James to a “moderate buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Loop Capital upped their price target on Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, September 20th. DA Davidson raised their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price target on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Four investment 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Stock Up 2.1 %

Shares of NYSE BLDR opened at $164.09 on Thursday. The stock’s fifty day moving average is $163.99 and its 200 day moving average is $169.30. The stock has a market capitalization of $18.88 billion, a P/E ratio of 16.02, a PEG ratio of 0.75 and a beta of 2.11. Builders FirstSource has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share 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 firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the firm earned $4.24 EPS. The company’s revenue was down 6.7% on a year-over-year basis. Sell-side analysts forecast that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction on 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Builders FirstSource by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 146,248 shares of the company’s stock worth $20,242,000 after purchasing an additional 12,693 shares during the period. Mutual of America Capital Management LLC grew its position in Builders FirstSource by 28.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 43,230 shares of the company’s stock worth $5,983,000 after acquiring an additional 9,563 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Builders FirstSource by 9.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,879 shares of the company’s stock worth $260,000 after purchasing an additional 159 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Builders FirstSource by 0.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock valued at $1,417,000 after purchasing an additional 74 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in Builders FirstSource by 12.0% during the 2nd quarter. Blair William & Co. IL now owns 5,570 shares of the company’s stock valued at $771,000 after buying an additional 598 shares during the period. 95.53% of the stock is currently 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.