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

Builders FirstSource (NYSE:BLDR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other research analysts have also commented on the company. Wedbush reissued an “outperform” rating and set a $175.00 price objective on shares of Builders FirstSource in a report on Thursday, August 3rd. Benchmark increased their price objective on Builders FirstSource from $153.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. BMO Capital Markets increased their price objective on Builders FirstSource from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, August 4th. 888 reissued a “maintains” rating on shares of Builders FirstSource in a report on Monday, June 26th. Finally, Stephens increased their price objective on Builders FirstSource from $130.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $149.69.

Builders FirstSource Stock Up 1.5 %

BLDR stock traded up $1.90 during mid-day trading on Monday, hitting $129.14. The stock had a trading volume of 1,339,913 shares, compared to its average volume of 1,968,787. The company has a current ratio of 1.84, a quick ratio of 1.15 and a debt-to-equity ratio of 0.85. Builders FirstSource has a 1-year low of $52.70 and a 1-year high of $156.85. The company has a fifty day moving average of $141.02 and a 200 day moving average of $121.48. The stock has a market capitalization of $16.15 billion, a price-to-earnings ratio of 10.00 and a beta of 2.02.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Wednesday, August 2nd. The company reported $3.89 earnings per share for the quarter, topping the consensus estimate of $2.69 by $1.20. Builders FirstSource had a return on equity of 45.73% and a net margin of 10.04%. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the firm posted $6.26 EPS. The business’s revenue was down 35.0% compared to the same quarter last year. On average, equities analysts expect that Builders FirstSource will post 13.18 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Timothy D. Johnson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $151.69, for a total transaction of $758,450.00. Following the completion of the transaction, the executive vice president now owns 65,748 shares in the company, valued at approximately $9,973,314.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Michael Hiller sold 5,965 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $147.91, for a total transaction of $882,283.15. Following the completion of the sale, the insider now directly owns 32,892 shares of the company’s stock, valued at approximately $4,865,055.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy D. Johnson sold 5,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $151.69, for a total value of $758,450.00. Following the sale, the executive vice president now directly owns 65,748 shares of the company’s stock, valued at $9,973,314.12. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

A number of hedge funds and other institutional investors have recently bought and sold shares of BLDR. Alliancebernstein L.P. increased its holdings in Builders FirstSource by 182.0% during the 2nd quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock valued at $313,486,000 after purchasing an additional 1,487,620 shares in the last quarter. Wellington Management Group LLP increased its holdings in Builders FirstSource by 14.8% during the 1st quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock valued at $727,819,000 after purchasing an additional 1,455,580 shares in the last quarter. Norges Bank acquired a new stake in Builders FirstSource during the 4th quarter valued at $91,288,000. BlackRock Inc. increased its stake in shares of Builders FirstSource by 9.6% in the 2nd quarter. BlackRock Inc. now owns 15,031,161 shares of the company’s stock valued at $2,044,238,000 after buying an additional 1,320,774 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Builders FirstSource by 1,106.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 844,518 shares of the company’s stock valued at $5,183,000 after buying an additional 774,515 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

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, steel roof 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.