Builders FirstSource (NYSE:BLDR – Free 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.
Builders FirstSource Stock Up 1.0 %
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
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.
- Five stocks we like better than Builders FirstSource
- NYSE Stocks Give Investors a Variety of Quality Options
- 3 attractive stocks that insiders are buying
- The 3 Best Retail Stocks to Shop for in August
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- How to Invest in Hotel Stocks
- Wendy’s vs Shake Shack: Out with the new, in with the old?
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.