Builders FirstSource (NYSE:BLDR) Shares Gap Up on Analyst Upgrade

Builders FirstSource, Inc. (NYSE:BLDR)’s share price gapped up prior to trading on Thursday after Jefferies Financial Group raised their price target on the stock from $226.00 to $237.00. The stock had previously closed at $179.31, but opened at $184.44. Jefferies Financial Group currently has a buy rating on the stock. Builders FirstSource shares last traded at $183.63, with a volume of 151,998 shares trading hands.

A number of other research analysts also recently commented on BLDR. Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $153.00 to $200.00 in a research report on Monday, January 29th. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Oppenheimer lifted their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Wedbush lifted their price objective on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Finally, Barclays lifted their price objective on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and an average target price of $190.06.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Builders FirstSource

Hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale raised its stake in Builders FirstSource by 18.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock worth $9,515,000 after purchasing an additional 9,122 shares in the last quarter. FCF Advisors LLC raised its position in shares of Builders FirstSource by 81.9% in the 4th quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock valued at $3,512,000 after buying an additional 9,470 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Builders FirstSource by 13.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 52,312 shares of the company’s stock valued at $6,512,000 after buying an additional 6,155 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Builders FirstSource by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock valued at $1,578,876,000 after buying an additional 96,638 shares in the last quarter. Finally, Czech National Bank acquired a new position in shares of Builders FirstSource in the 4th quarter valued at approximately $3,608,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Up 1.7 %

The firm’s 50-day moving average price is $195.47 and its 200 day moving average price is $162.39. The company has a market capitalization of $22.25 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.11 and a beta of 2.04. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.70 by $0.85. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. On average, sell-side analysts forecast that Builders FirstSource, Inc. will post 13.84 EPS for the current fiscal year.

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.