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

by · The Markets Daily

Shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Free Report) have received an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $161.86.

A number of analysts have recently issued reports on BLDR shares. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday. Barclays upped their target price on shares of Builders FirstSource from $175.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. BMO Capital Markets raised their price target 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. Bank of America started coverage on shares of Builders FirstSource in a research note on Friday, December 1st. They set a “neutral” rating and a $143.00 price objective for the company. Finally, Truist Financial lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating and raised their target price for the stock from $165.00 to $185.00 in a research note on Thursday, January 4th.

Read Our Latest Stock Report on Builders FirstSource

Builders FirstSource Trading Up 2.7 %

Shares of Builders FirstSource stock opened at $164.04 on Thursday. The firm has a 50-day simple moving average of $144.63 and a two-hundred day simple moving average of $136.78. The company has a market cap of $20.23 billion, a P/E ratio of 13.93 and a beta of 2.05. Builders FirstSource has a fifty-two week low of $65.88 and a fifty-two week high of $171.03. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.11 and a current ratio of 1.76.

Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $4.24 earnings per share for the quarter, beating 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 firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.88 billion. During the same period last year, the company posted $5.20 EPS. Builders FirstSource’s quarterly revenue was down 21.3% compared to the same quarter last year. As a group, equities analysts predict that Builders FirstSource will post 13.8 earnings per share for the current fiscal year.

Insider Activity at Builders FirstSource

In related news, insider Michael Alan Farmer sold 3,318 shares of Builders FirstSource stock in a transaction that occurred 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 completion of the sale, the insider now owns 60,660 shares in the company, valued at approximately $8,834,522.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Institutional Trading of Builders FirstSource

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

Builders FirstSource Company Profile

(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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