Brokerages Set Builders FirstSource, Inc. (NYSE:BLDR) PT at $210.00

Builders FirstSource, Inc. (NYSE:BLDR) has been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $210.00.

Several analysts have recently issued reports on the company. Royal Bank of Canada increased their price objective on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Jefferies Financial Group increased their price target on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Robert W. Baird boosted their price objective on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Stephens upped their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group assumed coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 price target for the company.

Builders FirstSource Stock Performance

NYSE BLDR opened at $148.82 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market cap of $17.13 billion, a P/E ratio of 14.53, a P/E/G ratio of 0.96 and a beta of 2.06. The stock has a 50-day moving average of $175.89 and a two-hundred day moving average of $169.17. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the firm posted $4.24 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, analysts anticipate that Builders FirstSource will post 11.55 EPS for the current year.

Insider Transactions at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Institutional Trading of Builders FirstSource

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLDR. Principal Financial Group Inc. raised its stake in shares of Builders FirstSource by 38.5% during the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock worth $39,025,000 after purchasing an additional 56,009 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Builders FirstSource by 18.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,270 shares of the company’s stock worth $639,000 after buying an additional 500 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Builders FirstSource in the 3rd quarter worth $547,000. American Trust boosted its holdings in shares of Builders FirstSource by 5.0% in the third quarter. American Trust now owns 3,626 shares of the company’s stock valued at $703,000 after acquiring an additional 174 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Builders FirstSource by 129.4% during the third quarter. Tidal Investments LLC now owns 19,845 shares of the company’s stock worth $3,847,000 after acquiring an additional 11,194 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Company Profile

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.