Builders FirstSource, Inc. (NYSE:BLDR) Given Average Recommendation of “Hold” by Brokerages

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have received a consensus recommendation of “Hold” from the twenty-three ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $134.0205.

BLDR has been the subject of several recent research reports. BMO Capital Markets reduced their price target on Builders FirstSource from $130.00 to $123.00 in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, January 21st. Benchmark boosted their target price on shares of Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, October 31st. The Goldman Sachs Group increased their price target on shares of Builders FirstSource from $146.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, Wells Fargo & Company upped their price objective on shares of Builders FirstSource from $115.00 to $120.00 and gave the stock a “cautious” rating in a research report on Wednesday, February 11th.

Builders FirstSource Price Performance

NYSE:BLDR opened at $115.06 on Tuesday. The firm’s fifty day moving average is $114.34 and its two-hundred day moving average is $120.61. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 14.36 and a beta of 1.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. Builders FirstSource has a one year low of $94.35 and a one year high of $157.96.

Hedge Funds Weigh In On Builders FirstSource

A number of hedge funds have recently bought and sold shares of the business. Cromwell Holdings LLC raised its stake in shares of Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after buying an additional 225 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in Builders FirstSource during the third quarter worth $34,000. Transamerica Financial Advisors LLC lifted its holdings in Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after purchasing an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Builders FirstSource during the second quarter valued at $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.