Builders FirstSource (NYSE:BLDR) Lifted to “Buy” at StockNews.com

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

A number of other research analysts also recently issued reports on BLDR. Loop Capital boosted their target price on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a buy rating in a research report on Friday, September 20th. Barclays decreased their price objective on Builders FirstSource from $188.00 to $182.00 and set an overweight rating for the company in a report on Wednesday, August 7th. Wedbush reaffirmed an outperform rating and set a $175.00 target price on shares of Builders FirstSource in a report on Tuesday, August 6th. B. Riley decreased their price target on Builders FirstSource from $197.00 to $187.00 and set a buy rating for the company in a report on Wednesday, August 7th. Finally, Oppenheimer raised their price objective on shares of Builders FirstSource from $205.00 to $225.00 and gave the stock an outperform rating in a research note on Wednesday, September 18th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $190.00.

Builders FirstSource Stock Down 0.6 %

Builders FirstSource stock opened at $191.91 on Monday. Builders FirstSource has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The company has a market cap of $23.42 billion, a PE ratio of 16.43, a PEG ratio of 11.56 and a beta of 2.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83. The business’s 50-day simple moving average is $169.83 and its two-hundred day simple moving average is $170.70.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the prior year, the firm earned $3.89 earnings per share. Builders FirstSource’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts anticipate that Builders FirstSource will post 11.68 EPS for the current year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the transaction, the director now owns 95,333 shares of the company’s stock, valued at $14,650,775.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Builders FirstSource

Large investors have recently modified their holdings of the business. Innealta Capital LLC acquired a new position in Builders FirstSource during the second quarter worth about $27,000. Westside Investment Management Inc. acquired a new position in shares of Builders FirstSource during the 1st quarter worth approximately $31,000. Principal Securities Inc. purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $32,000. ORG Partners LLC acquired a new stake in shares of Builders FirstSource in the first quarter valued at approximately $33,000. Finally, American Capital Advisory LLC purchased a new position in Builders FirstSource during the first quarter worth approximately $34,000. 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.