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

by · The Cerbat Gem

Shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $150.57.

Several analysts have commented on BLDR shares. Wedbush reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Builders FirstSource in a research note on Wednesday, November 29th. BMO Capital Markets lifted their target price on shares of Builders FirstSource from $135.00 to $150.00 and gave the stock a “market perform” rating in a research note on Thursday, December 7th. Barclays lifted their target price on shares of Builders FirstSource from $175.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday. Loop Capital initiated coverage on shares of Builders FirstSource in a report on Thursday, August 31st. They issued a “buy” rating and a $180.00 price target on the stock. Finally, StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday.

Check Out Our Latest Research Report on BLDR

Builders FirstSource Trading Down 3.5 %

Shares of BLDR opened at $162.51 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $128.30 and a 200-day simple moving average of $131.97. Builders FirstSource has a 1-year low of $63.52 and a 1-year high of $170.76. The stock has a market cap of $20.05 billion, a price-to-earnings ratio of 13.80 and a beta of 2.05.

Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.19. Builders FirstSource had a net margin of 9.10% and a return on equity of 41.27%. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.88 billion. During the same period last year, the company posted $5.20 EPS. The company’s revenue was down 21.3% on a year-over-year basis. Equities analysts forecast that Builders FirstSource will post 13.82 EPS for the current fiscal year.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, insider Michael Alan Farmer sold 3,318 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $145.64, for a total value of $483,233.52. Following the transaction, the insider now owns 60,660 shares in the company, valued at approximately $8,834,522.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors have recently added to or reduced their stakes in the company. D Orazio & Associates Inc. lifted its holdings in Builders FirstSource by 3.7% in the 3rd quarter. D Orazio & Associates Inc. now owns 2,360 shares of the company’s stock worth $294,000 after buying an additional 84 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of Builders FirstSource by 10.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 915 shares of the company’s stock worth $114,000 after purchasing an additional 85 shares during the last quarter. Measured Wealth Private Client Group LLC increased its position in shares of Builders FirstSource by 2.5% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 3,673 shares of the company’s stock worth $457,000 after purchasing an additional 90 shares during the last quarter. Mezzasalma Advisors LLC increased its position in shares of Builders FirstSource by 0.6% in the 3rd quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock worth $1,832,000 after purchasing an additional 90 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its position in shares of Builders FirstSource by 3.5% in the 2nd quarter. WASHINGTON TRUST Co now owns 2,716 shares of the company’s stock worth $369,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

About Builders FirstSource

(Get Free Report

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, 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 comprising intricate mouldings, stair parts, and columns under the Synboard brand name.

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