Builders FirstSource’s (BLDR) Outperform Rating Reiterated at Wedbush

Builders FirstSource (NYSE:BLDR)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wedbush in a report released on Tuesday, RTT News reports. They presently have a $215.00 target price on the stock, down from their previous target price of $225.00. Wedbush’s price objective would suggest a potential upside of 31.53% from the company’s current price.

A number of other brokerages also recently commented on BLDR. Barclays boosted their target price on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Jefferies Financial Group upped their target price on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Truist Financial upped their price objective on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. DA Davidson reaffirmed a “neutral” rating and set a $185.00 target price on shares of Builders FirstSource in a research note on Thursday, March 28th. Finally, Royal Bank of Canada upped their target price on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.27.

Builders FirstSource Stock Up 0.5 %

NYSE:BLDR opened at $163.46 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. The stock has a fifty day simple moving average of $194.49 and a 200-day simple moving average of $169.12. The company has a market cap of $19.94 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 1.22 and a beta of 2.08. Builders FirstSource has a twelve month low of $105.24 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.23. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $2.96 earnings per share. Analysts anticipate that Builders FirstSource will post 13.83 EPS for the current year.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the 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 directly 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 accessible through the SEC website. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Builders FirstSource by 15.7% in the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after purchasing an additional 1,985,297 shares in the last quarter. Invesco Ltd. increased its position 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 during the period. AQR Capital Management LLC increased its position in Builders FirstSource by 19.5% during the third quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock worth $195,931,000 after buying an additional 256,609 shares during the period. Westfield Capital Management Co. LP grew its stake in shares of Builders FirstSource by 11.2% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,416,611 shares of the company’s stock valued at $236,489,000 after purchasing an additional 143,041 shares during the last quarter. Finally, Boston Partners grew its stake in shares of 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 purchasing an additional 578,961 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

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.