Builders FirstSource, Inc. (NYSE:BLDR) Given Consensus Rating of “Moderate Buy” by Analysts

Builders FirstSource, Inc. (NYSE:BLDR) has been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $199.79.

Several brokerages have commented on BLDR. Barclays boosted their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Oppenheimer raised their price target on Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $153.00 to $200.00 in a research note on Monday, January 29th. Royal Bank of Canada raised their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Jefferies Financial Group upped their price target on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th.

Builders FirstSource Stock Down 18.9 %

Shares of Builders FirstSource stock opened at $162.85 on Wednesday. The firm has a market cap of $19.86 billion, a PE ratio of 13.58, a P/E/G ratio of 1.22 and a beta of 2.08. The business’s 50 day simple moving average is $195.08 and its 200 day simple moving average is $169.16. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. Builders FirstSource has a 52-week low of $105.24 and a 52-week high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.01 billion. On average, analysts predict that Builders FirstSource will post 13.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the sale, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Builders FirstSource by 15.7% during the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after acquiring an additional 1,985,297 shares during the period. Norges Bank bought a new position in shares of Builders FirstSource in the fourth quarter worth $212,209,000. Invesco Ltd. grew its stake in Builders FirstSource by 80.8% during the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock worth $243,516,000 after buying an additional 874,268 shares in the last quarter. Boston Partners increased its holdings in Builders FirstSource by 73.5% in the 4th quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after buying an additional 578,961 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Builders FirstSource by 30,560.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock worth $69,506,000 after acquiring an additional 556,501 shares during the period. Institutional investors own 95.53% of the company’s stock.

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.