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

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stifel Nicolaus cut their price target on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Stephens cut their price target on Builders FirstSource from $140.00 to $137.00 in a report on Monday, November 3rd. Benchmark boosted their price target on shares of Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wells Fargo & Company initiated coverage on Builders FirstSource in a research note on Monday, November 17th. They set an “equal weight” rating and a $115.00 price objective on the stock. Finally, Loop Capital dropped their price objective on Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $133.02.

Builders FirstSource Stock Performance

The firm has a 50 day moving average price of $106.46 and a 200 day moving average price of $121.61. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03. The stock 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 data on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.86 billion. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The company’s revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the business posted $3.07 EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in Builders FirstSource by 0.6% during the second quarter. State Street Corp now owns 5,026,553 shares of the company’s stock worth $586,548,000 after purchasing an additional 29,443 shares in the last quarter. Capital International Investors acquired a new stake in Builders FirstSource during the third quarter worth approximately $429,640,000. Sands Capital Management LLC lifted its stake in shares of Builders FirstSource by 139.1% during the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after purchasing an additional 1,414,129 shares during the period. Victory Capital Management Inc. grew its holdings in Builders FirstSource by 235.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock valued at $229,585,000 after buying an additional 1,328,363 shares during the period. Finally, Franklin Resources Inc. increased its position in Builders FirstSource by 2,498.8% during the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock worth $224,861,000 after purchasing an additional 1,783,164 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

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.