Builders FirstSource (NYSE:BLDR) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Builders FirstSource (NYSE:BLDR) from a sector perform rating to an outperform rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has $119.00 price target on the stock.

BLDR has been the topic of several other research reports. Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Benchmark cut their price objective on Builders FirstSource from $142.00 to $138.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Zacks Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. DA Davidson decreased their target price on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Finally, Jefferies Financial Group dropped their price target on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average target price of $127.81.

Builders FirstSource Stock Down 2.4%

BLDR stock opened at $93.18 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The firm has a 50 day simple moving average of $114.14 and a 200-day simple moving average of $117.76. The company has a market capitalization of $10.31 billion, a P/E ratio of 24.02, a PEG ratio of 2.25 and a beta of 1.56. Builders FirstSource has a twelve month low of $89.72 and a twelve month high of $151.03.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.18). The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.46 billion. Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The company’s revenue was down 12.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.31 earnings per share. On average, equities research analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

Several hedge funds have recently made changes to their positions in BLDR. Cromwell Holdings LLC grew its stake in Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after buying an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Builders FirstSource by 167.1% in 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 last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Builders FirstSource during the third quarter valued at $34,000. Transamerica Financial Advisors LLC grew its position in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after acquiring an additional 175 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter worth about $38,000. 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.