Builders FirstSource (NASDAQ:BLDR) Lifted to “Buy” at BidaskClub

Builders FirstSource (NASDAQ:BLDR) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday, BidAskClub reports.

Several other equities analysts have also commented on the company. Benchmark began coverage on Builders FirstSource in a research note on Wednesday, February 5th. They issued a “hold” rating on the stock. Zacks Investment Research raised Builders FirstSource from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Friday, February 7th. B. Riley upped their price target on Builders FirstSource from $23.00 to $29.00 in a research note on Monday, November 4th. SunTrust Banks upped their price target on Builders FirstSource to $24.00 in a research note on Monday, November 4th. Finally, BTIG Research began coverage on Builders FirstSource in a research note on Thursday, December 12th. They issued a “buy” rating and a $31.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $26.82.

Shares of Builders FirstSource stock opened at $27.19 on Friday. Builders FirstSource has a 52 week low of $12.50 and a 52 week high of $27.84. The business’s fifty day simple moving average is $25.96 and its 200-day simple moving average is $22.97. The firm has a market cap of $3.21 billion, a PE ratio of 13.60 and a beta of 1.85. The company has a quick ratio of 0.98, a current ratio of 1.66 and a debt-to-equity ratio of 1.73.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY lifted its stake in Builders FirstSource by 1.5% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 35,792 shares of the company’s stock worth $736,000 after acquiring an additional 520 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Builders FirstSource by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 20,441 shares of the company’s stock worth $519,000 after acquiring an additional 520 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Builders FirstSource by 10.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,888 shares of the company’s stock worth $200,000 after acquiring an additional 715 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Builders FirstSource by 2.8% during the 3rd quarter. Squarepoint Ops LLC now owns 32,068 shares of the company’s stock worth $660,000 after acquiring an additional 859 shares in the last quarter. Finally, Anderson Fisher LLC acquired a new position in Builders FirstSource during the 4th quarter worth about $26,000. 88.88% of the stock is currently owned by hedge funds and other institutional investors.

About Builders FirstSource

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.

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Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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