Builders FirstSource, Inc. (NYSE:BLDR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $190.06.

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Wedbush raised their price target on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Oppenheimer raised their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a report on Thursday, March 28th. Finally, Royal Bank of Canada raised their price target on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd.

Insider Activity at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the sale, the director now owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

Institutional Trading of Builders FirstSource

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new stake in Builders FirstSource during the fourth quarter valued at $25,000. Westside Investment Management Inc. acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $31,000. Contravisory Investment Management Inc. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at about $28,000. Rakuten Securities Inc. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at about $29,000. Finally, Principal Securities Inc. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Down 3.0 %

NYSE:BLDR opened at $176.87 on Friday. Builders FirstSource has a 52 week low of $90.10 and a 52 week high of $214.70. The firm has a 50 day moving average of $195.30 and a 200 day moving average of $162.76. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $21.57 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.09 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. As a group, sell-side analysts anticipate that Builders FirstSource will post 13.84 earnings per share for the current fiscal year.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. 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, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.