Raymond James Initiates Coverage on Builders FirstSource (NYSE:BLDR)

Equities researchers at Raymond James began coverage on shares of Builders FirstSource (NYSE:BLDR) in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $180.00 price target on the stock. Raymond James’ price objective would suggest a potential upside of 9.70% from the company’s current price.

A number of other research analysts also recently issued reports on BLDR. Wedbush reissued an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. UBS Group initiated coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective on the stock. Royal Bank of Canada lifted their target price on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Bank of America upped their price objective on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Stock Up 2.1 %

Shares of NYSE:BLDR opened at $164.09 on Friday. The company has a market capitalization of $18.88 billion, a PE ratio of 16.02, a price-to-earnings-growth 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. The company has a fifty day moving average of $163.99 and a 200-day moving average of $169.54.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the company posted $4.24 earnings per share. The company’s revenue was down 6.7% compared to the same quarter last year. On average, equities analysts predict that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource 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 sale, the director now owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors have recently bought and sold shares of BLDR. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $28,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Builders FirstSource during the third quarter valued at approximately $30,000. Reston Wealth Management LLC purchased a new stake in Builders FirstSource during the 3rd quarter valued at $39,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource during the third quarter valued at $46,000. Finally, Mather Group LLC. grew its stake in shares of Builders FirstSource by 340.7% in the third quarter. Mather Group LLC. now owns 260 shares of the company’s stock worth $50,000 after acquiring an additional 201 shares during the period. 95.53% of the stock is 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.