Builders FirstSource (NYSE:BLDR) Receives “Buy” Rating from Stifel Nicolaus

Builders FirstSource (NYSE:BLDR)‘s stock had its “buy” rating restated by stock analysts at Stifel Nicolaus in a note issued to investors on Wednesday,Benzinga reports. They currently have a $175.00 price objective on the stock. Stifel Nicolaus’ price target indicates a potential upside of 21.92% from the stock’s current price.

Other research analysts have also issued reports about the company. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and increased their price objective for the company from $165.00 to $220.00 in a research report on Monday, September 16th. Bank of America increased their price objective on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Jefferies Financial Group increased their price target on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Wedbush reissued an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Finally, Stephens increased their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $208.75.

Builders FirstSource Stock Down 1.4 %

NYSE BLDR opened at $143.54 on Wednesday. The firm has a market cap of $16.52 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 0.96 and a beta of 2.11. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70. The stock’s 50 day simple moving average is $167.78 and its 200 day simple moving average is $168.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16.

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

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the transaction, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of Builders FirstSource by 8.4% during the fourth quarter. Nordea Investment Management AB now owns 10,686 shares of the company’s stock worth $1,533,000 after acquiring an additional 827 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Builders FirstSource during the fourth quarter worth approximately $470,000. GAMMA Investing LLC boosted its holdings in shares of Builders FirstSource by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 1,157 shares of the company’s stock worth $165,000 after acquiring an additional 97 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Builders FirstSource by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after acquiring an additional 58,436 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Builders FirstSource by 38.5% during the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock worth $39,025,000 after acquiring an additional 56,009 shares during the period. 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.