Builders FirstSource, Inc. (NYSE:BLDR) Receives Average Rating of “Moderate Buy” from Analysts

Builders FirstSource, Inc. (NYSE:BLDR) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $186.93.

Several research analysts recently commented on the stock. Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $153.00 to $200.00 in a research note on Monday, January 29th. Oppenheimer upped their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Stifel Nicolaus raised their target price on Builders FirstSource from $184.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Truist Financial boosted their price target on Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Finally, Wedbush increased their price objective on Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 12th.

Insider Activity

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the sale, the director now owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Builders FirstSource

Several institutional investors have recently bought and sold shares of the company. FCF Advisors LLC increased its holdings in shares of Builders FirstSource by 81.9% in the 4th quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after purchasing an additional 9,470 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Builders FirstSource by 18.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock worth $9,515,000 after buying an additional 9,122 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Builders FirstSource by 13.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 52,312 shares of the company’s stock worth $6,512,000 after buying an additional 6,155 shares during the last quarter. Vanguard Group Inc. lifted its stake in Builders FirstSource by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock valued at $1,578,876,000 after acquiring an additional 96,638 shares during the period. Finally, Czech National Bank bought a new stake in shares of Builders FirstSource in the fourth quarter worth approximately $3,608,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $189.53 on Friday. The firm has a fifty day simple moving average of $195.35 and a two-hundred day simple moving average of $160.78. Builders FirstSource has a twelve month low of $90.10 and a twelve month high of $214.70. The company has a market capitalization of $23.11 billion, a PE ratio of 15.81, a P/E/G ratio of 1.14 and a beta of 2.04. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Research analysts expect that Builders FirstSource will post 13.84 EPS for the current year.

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.