Builders FirstSource (NYSE:BLDR) Receives Neutral Rating from DA Davidson

DA Davidson reiterated their neutral rating on shares of Builders FirstSource (NYSE:BLDRFree Report) in a research note published on Thursday morning, Benzinga reports. They currently have a $185.00 target price on the stock.

Several other brokerages also recently issued reports on BLDR. StockNews.com raised Builders FirstSource from a hold rating to a buy rating in a research note on Wednesday, February 21st. Barclays lifted their target price on Builders FirstSource from $195.00 to $235.00 and gave the company an overweight rating in a research note on Monday, February 26th. B. Riley raised Builders FirstSource from a neutral rating to a buy rating and lifted their price objective for the stock from $128.00 to $177.00 in a research note on Wednesday, December 6th. Bank of America raised Builders FirstSource from a neutral rating to a buy rating and lifted their price objective for the stock from $153.00 to $200.00 in a research note on Monday, January 29th. Finally, Truist Financial lifted their price objective on Builders FirstSource from $185.00 to $190.00 and gave the stock a hold rating in a research note on Friday, February 23rd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $186.60.

Check Out Our Latest Analysis on Builders FirstSource

Builders FirstSource Stock Down 0.5 %

BLDR stock opened at $208.55 on Thursday. Builders FirstSource has a twelve month low of $84.78 and a twelve month high of $214.70. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The stock has a market cap of $25.43 billion, a P/E ratio of 17.39, a PEG ratio of 1.25 and a beta of 2.04. The business’s 50-day moving average price is $189.81 and its 200-day moving average price is $155.48.

Builders FirstSource (NYSE:BLDRGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. On average, equities research analysts forecast that Builders FirstSource will post 14.02 EPS for the current year.

Insider Activity at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds have recently made changes to their positions in BLDR. EdgeRock Capital LLC purchased a new stake in shares of Builders FirstSource in the 4th quarter worth $25,000. Contravisory Investment Management Inc. bought a new position in shares of Builders FirstSource in the 4th quarter worth $28,000. Rakuten Securities Inc. bought a new position in shares of Builders FirstSource in the 4th quarter worth $29,000. Rock Creek Group LP bought a new position in shares of Builders FirstSource in the 3rd quarter worth $30,000. Finally, BluePath Capital Management LLC bought a new position in shares of Builders FirstSource in the 3rd quarter worth $31,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

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, 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.

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