Builders FirstSource (NYSE:BLDR) Price Target Increased to $225.00 by Analysts at Wedbush

Builders FirstSource (NYSE:BLDRFree Report) had its price target boosted by Wedbush from $175.00 to $225.00 in a report released on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also issued reports on BLDR. StockNews.com lowered Builders FirstSource from a buy rating to a hold rating in a research note on Monday, January 8th. Barclays upped their target price on Builders FirstSource from $175.00 to $195.00 and gave the stock an overweight rating in a research note on Wednesday, December 13th. B. Riley raised Builders FirstSource from a neutral rating to a buy rating and upped their target price for the stock from $128.00 to $177.00 in a research note on Wednesday, December 6th. Oppenheimer began coverage on Builders FirstSource in a research note on Friday, January 19th. They issued an outperform rating and a $220.00 target price for the company. Finally, Stephens cut their target price on Builders FirstSource from $175.00 to $150.00 and set an overweight rating for the company in a research note on Thursday, November 2nd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $172.87.

Read Our Latest Report on Builders FirstSource

Builders FirstSource Stock Up 1.0 %

BLDR stock opened at $187.26 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.11 and a debt-to-equity ratio of 0.74. The company’s 50 day moving average is $166.74 and its 200 day moving average is $143.12. The stock has a market cap of $23.10 billion, a price-to-earnings ratio of 15.90 and a beta of 2.04. Builders FirstSource has a 1-year low of $76.69 and a 1-year high of $188.55.

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 stock was sold at an average price of $145.64, for a total transaction of $483,233.52. Following the sale, the insider now owns 60,660 shares of the company’s stock, valued at approximately $8,834,522.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Builders FirstSource

A number of large investors have recently added to or reduced their stakes in the company. BlueSky Wealth Advisors LLC bought a new stake in Builders FirstSource in the 4th quarter worth approximately $443,000. Boulder Hill Capital Management LP bought a new stake in Builders FirstSource in the 4th quarter worth approximately $851,000. Bank of Nova Scotia bought a new stake in Builders FirstSource in the 4th quarter worth approximately $2,085,000. TFO Wealth Partners LLC increased its position in shares of Builders FirstSource by 80,066.7% during the 4th quarter. TFO Wealth Partners LLC now owns 7,215 shares of the company’s stock valued at $1,204,000 after purchasing an additional 7,206 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in shares of Builders FirstSource during the 4th quarter valued at approximately $1,142,000. Institutional investors own 94.73% of the company’s stock.

About Builders FirstSource

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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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