Builders FirstSource (NYSE:BLDR) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Builders FirstSource (NYSE:BLDR) from a hold rating to a buy rating in a report published on Thursday.

A number of other research analysts have also recently commented on BLDR. DA Davidson restated a neutral rating and issued a $185.00 target price on shares of Builders FirstSource in a research note on Thursday, March 28th. Jefferies Financial Group upped their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a buy rating in a research report on Thursday, April 18th. Barclays lowered their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an overweight rating for the company in a research report on Wednesday, May 8th. Bank of America cut their price objective on shares of Builders FirstSource from $195.00 to $183.00 and set a buy rating on the stock in a report on Thursday, June 6th. Finally, Wedbush lowered their target price on shares of Builders FirstSource from $215.00 to $175.00 and set an outperform rating for the company in a report on Tuesday. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $192.47.

Builders FirstSource Stock Up 0.8 %

Shares of Builders FirstSource stock opened at $137.90 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. Builders FirstSource has a 12-month low of $105.24 and a 12-month high of $214.70. The company has a market cap of $16.83 billion, a P/E ratio of 11.81, a PEG ratio of 2.20 and a beta of 2.08. The company’s fifty day simple moving average is $163.40 and its two-hundred day simple moving average is $175.86.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the company earned $2.96 earnings per share. Builders FirstSource’s quarterly revenue was up .2% on a year-over-year basis. Research analysts anticipate that Builders FirstSource will post 12.93 EPS for the current year.

Insider Buying and Selling at Builders FirstSource

In other news, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the sale, the insider now directly owns 22,667 shares in the company, valued at $3,855,883.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares in the company, valued at approximately $3,855,883.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The disclosure for this sale can be found here. Company 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 made changes to their positions in BLDR. EdgeRock Capital LLC purchased a new position in shares of Builders FirstSource during the 4th quarter worth $25,000. Westside Investment Management Inc. bought a new position in Builders FirstSource in the 1st quarter worth $31,000. ORG Partners LLC purchased a new position in Builders FirstSource during the first quarter valued at $33,000. American Capital Advisory LLC bought a new stake in Builders FirstSource during the first quarter valued at about $34,000. Finally, Contravisory Investment Management Inc. purchased a new stake in Builders FirstSource in the fourth quarter worth about $28,000. 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.