Builders FirstSource (NYSE:BLDR) Upgraded by Royal Bank Of Canada to “Outperform” Rating

Royal Bank Of Canada upgraded shares of Builders FirstSource (NYSE:BLDR) from a sector perform rating to an outperform rating in a research note released on Thursday morning, MarketBeat.com reports. Royal Bank Of Canada currently has $119.00 price objective on the stock.

BLDR has been the subject of a number of other research reports. William Blair started coverage on Builders FirstSource in a report on Thursday, February 26th. They set an “outperform” rating for the company. Wells Fargo & Company lifted their price objective on shares of Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a research note on Wednesday, February 11th. Stephens dropped their price objective on shares of Builders FirstSource from $137.00 to $125.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, January 21st. Finally, Stifel Nicolaus decreased their target price on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $127.81.

Builders FirstSource Price Performance

Shares of BLDR opened at $95.41 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. The company’s fifty day moving average price is $114.35 and its 200-day moving average price is $118.20. Builders FirstSource has a 1-year low of $94.17 and a 1-year high of $151.03. The firm has a market capitalization of $10.55 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.32 and a beta of 1.56.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BLDR. Daiwa Securities Group Inc. increased its stake in shares of Builders FirstSource by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after purchasing an additional 78 shares in the last quarter. VestGen Advisors LLC boosted its position in Builders FirstSource by 4.6% during the second quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock worth $227,000 after purchasing an additional 86 shares in the last quarter. Aprio Wealth Management LLC grew its holdings in Builders FirstSource by 2.7% in the third quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock valued at $446,000 after purchasing an additional 98 shares during the period. Ramirez Asset Management Inc. grew its holdings in Builders FirstSource by 25.0% in the third quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock valued at $61,000 after purchasing an additional 100 shares during the period. Finally, New Mexico Educational Retirement Board increased its position in shares of Builders FirstSource by 2.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock valued at $525,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.