Stephens Reiterates Equal Weight Rating for Builders FirstSource (NYSE:BLDR)

Builders FirstSource (NYSE:BLDR)‘s stock had its “equal weight” rating reaffirmed by research analysts at Stephens in a report released on Tuesday,Benzinga reports. They currently have a $125.00 price target on the stock. Stephens’ price objective would indicate a potential upside of 47.57% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Jefferies Financial Group dropped their price objective on shares of Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. DA Davidson decreased their target price on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Weiss Ratings downgraded shares of Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. William Blair started coverage on Builders FirstSource in a research report on Thursday, February 26th. They issued an “outperform” rating for the company. Finally, Robert W. Baird reduced their price objective on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.65.

Builders FirstSource Stock Up 4.3%

NYSE BLDR opened at $84.70 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. The company has a market capitalization of $9.37 billion, a P/E ratio of 21.83, a P/E/G ratio of 1.96 and a beta of 1.56. Builders FirstSource has a one year low of $80.00 and a one year high of $151.03. The stock has a 50 day moving average price of $109.48 and a 200-day moving average price of $113.64.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 12.1% compared to the same quarter last year. During the same period last year, the business posted $2.31 earnings per share. As a group, equities analysts predict that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy bought 50,000 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the purchase, the director owned 1,727,191 shares in the company, valued at $151,526,466.43. This represents a 2.98% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors and hedge funds have recently modified their holdings of BLDR. Cromwell Holdings LLC grew its position in Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Builders FirstSource during the third quarter worth $34,000. Transamerica Financial Advisors LLC boosted its stake 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 valued at $38,000 after purchasing an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Builders FirstSource in the second quarter worth about $38,000. 95.53% of the stock is owned by institutional investors.

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.