Builders FirstSource (NYSE:BLDR) Stock Price Up 8.7% – Should You Buy?

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

Analyst Ratings Changes

Several brokerages have issued reports on BLDR. BMO Capital Markets decreased their price objective on shares of Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. KeyCorp set a $145.00 price target on Builders FirstSource in a research note on Wednesday, October 1st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group reduced their target price on Builders FirstSource from $147.00 to $146.00 in a research note on Friday, October 31st. Finally, Wedbush reissued a “neutral” rating and set a $145.00 target price on shares of Builders FirstSource in a research note on Monday, September 15th. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average price target of $133.02.

Builders FirstSource Trading Up 12.1%

The firm has a market capitalization of $13.79 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 15.15 and a beta of 1.57. The stock has a 50-day simple moving average of $106.63 and a two-hundred day simple moving average of $121.67. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, topping 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 return on equity of 21.28% and a net margin of 3.79%.The business’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.07 EPS. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its holdings in Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 132 shares during the period. TD Waterhouse Canada Inc. bought a new stake in Builders FirstSource during the 3rd quarter valued at $34,000. CYBER HORNET ETFs LLC bought a new stake in Builders FirstSource during the 2nd quarter valued at $38,000. MUFG Securities EMEA plc purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at $38,000. Finally, IMA Advisory Services Inc. raised its position in shares of Builders FirstSource by 40.9% in the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Company Profile

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.