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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been given an average rating of “Moderate Buy” by the twenty-one analysts that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $186.84.

Several analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Raymond James reiterated an “outperform” rating and issued a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Truist Financial cut their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. BMO Capital Markets lowered their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Finally, StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $115.96 on Wednesday. Builders FirstSource has a fifty-two week low of $110.84 and a fifty-two week high of $203.14. The firm’s fifty day moving average price is $129.10 and its 200-day moving average price is $155.34. The stock has a market cap of $13.19 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, equities research analysts expect that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. purchased a new position in Builders FirstSource during the fourth quarter valued at $33,000. SBI Securities Co. Ltd. bought a new position in Builders FirstSource in the 4th quarter worth about $34,000. Sentry Investment Management LLC purchased a new stake in Builders FirstSource during the 1st quarter valued at about $40,000. CX Institutional purchased a new stake in Builders FirstSource during the 1st quarter valued at about $45,000. Finally, Avion Wealth raised its holdings in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after buying an additional 306 shares during the last quarter. Institutional investors own 95.53% 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, 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.