Builders FirstSource (NYSE:BLDR) PT Raised to $110.00 at Wedbush

Builders FirstSource (NYSE:BLDRGet Rating) had its price target hoisted by equities researchers at Wedbush from $105.00 to $110.00 in a report released on Friday, The Fly reports. Wedbush’s price objective suggests a potential upside of 71.88% from the company’s previous close.

A number of other analysts also recently weighed in on the company. Truist Financial increased their price target on Builders FirstSource from $76.00 to $90.00 in a report on Wednesday, March 2nd. B. Riley cut shares of Builders FirstSource from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research report on Wednesday, April 6th. Robert W. Baird cut their price objective on shares of Builders FirstSource from $103.00 to $100.00 in a research report on Wednesday, March 2nd. Royal Bank of Canada cut their price objective on shares of Builders FirstSource from $106.00 to $93.00 in a research report on Wednesday. Finally, Bryan, Garnier & Co cut shares of Builders FirstSource from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research report on Wednesday, April 6th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Builders FirstSource currently has an average rating of “Buy” and an average target price of $91.54.

Shares of Builders FirstSource stock opened at $64.00 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $66.98 and a two-hundred day moving average price of $70.49. Builders FirstSource has a 1-year low of $39.24 and a 1-year high of $86.48. The company has a market cap of $11.31 billion, a P/E ratio of 7.52 and a beta of 2.27.

Builders FirstSource (NYSE:BLDRGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $1.92. Builders FirstSource had a return on equity of 39.10% and a net margin of 8.67%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period last year, the business posted $1.10 EPS. The business’s revenue was up 36.1% compared to the same quarter last year. Equities research analysts forecast that Builders FirstSource will post 8.9 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in BLDR. Luxor Capital Group LP lifted its position in Builders FirstSource by 446.1% in the 3rd quarter. Luxor Capital Group LP now owns 3,050,288 shares of the company’s stock valued at $157,822,000 after acquiring an additional 2,491,769 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Builders FirstSource in the 4th quarter valued at about $190,577,000. Norges Bank bought a new position in Builders FirstSource in the 4th quarter valued at about $168,874,000. North Peak Capital Management LLC purchased a new stake in Builders FirstSource in the 3rd quarter valued at about $99,386,000. Finally, Dendur Capital LP increased its stake in Builders FirstSource by 147.5% in the 3rd quarter. Dendur Capital LP now owns 2,562,675 shares of the company’s stock valued at $132,593,000 after buying an additional 1,527,456 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

About Builders FirstSource (Get Rating)

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 and exterior trims and custom products under the Synboard brand name.

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