Builders FirstSource’s (BLDR) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Builders FirstSource (NYSE:BLDR) in a report published on Wednesday morning, Marketbeat reports. Stifel Nicolaus currently has a $175.00 target price on the stock.

A number of other equities analysts have also recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and upped their target price for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. DA Davidson increased their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Robert W. Baird boosted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and an average target price of $208.75.

Builders FirstSource Stock Up 0.2 %

BLDR stock opened at $143.57 on Wednesday. The company’s 50 day moving average is $167.78 and its 200 day moving average is $168.95. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.96 and a beta of 2.11. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued 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 the consensus estimate of $4.44 billion. During the same period in the previous year, the company earned $4.24 EPS. Builders FirstSource’s quarterly revenue was down 6.7% on a year-over-year basis. Sell-side analysts predict that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mountaineer Partners Management LLC purchased a new stake in Builders FirstSource in the third quarter worth $2,099,877,000. FMR LLC grew its position in shares of Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after buying an additional 3,186,876 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Builders FirstSource by 23.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after acquiring an additional 277,897 shares in the last quarter. Baillie Gifford & Co. purchased a new position in Builders FirstSource during the 3rd quarter valued at about $267,132,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in Builders FirstSource during the third quarter worth about $255,867,000. 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.