Builders FirstSource (NYSE:BLDR) Trading Up 8.7% – Still a Buy?

Builders FirstSource, Inc. (NYSE:BLDR) shares were up 8.7% during trading on Friday . The stock traded as high as $121.13 and last traded at $120.9570. Approximately 1,312,295 shares traded hands during trading, a decline of 17% from the average daily volume of 1,580,714 shares. The stock had previously closed at $111.29.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent analyst reports. BMO Capital Markets reduced their price objective on shares of Builders FirstSource from $130.00 to $123.00 in a research report on Wednesday, October 29th. DA Davidson decreased their target price on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Stephens cut their price objective on Builders FirstSource from $140.00 to $137.00 in a research report on Monday, November 3rd. Benchmark increased their price objective on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Vertical Research began coverage on shares of Builders FirstSource in a research report on Monday, October 20th. They issued a “sell” rating and a $109.41 price target for the company. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $133.02.

Builders FirstSource Stock Up 11.6%

The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The business has a fifty day simple moving average of $106.46 and a two-hundred day simple moving average of $121.61. The company has a market cap of $13.74 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 12.76 and a beta of 1.57.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The business’s revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.07 EPS. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Institutional Trading of Builders FirstSource

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC increased its holdings in Builders FirstSource by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after purchasing an additional 295 shares during the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Builders FirstSource by 18.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 16,652 shares of the company’s stock valued at $2,081,000 after acquiring an additional 2,624 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Builders FirstSource during the 1st quarter worth about $354,000. United Services Automobile Association bought a new position in Builders FirstSource in the 1st quarter worth approximately $354,000. Finally, MBB Public Markets I LLC bought a new stake in Builders FirstSource in the 1st quarter valued at $301,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.