Builders FirstSource (NYSE:BLDR) Receives “Equal Weight” Rating from Stephens

Stephens reissued their equal weight rating on shares of Builders FirstSource (NYSE:BLDR) in a report released on Tuesday morning,Benzinga reports. Stephens currently has a $125.00 price objective on the stock.

BLDR has been the subject of several other research reports. BMO Capital Markets decreased their target price on Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating for the company in a research note on Friday, February 20th. William Blair assumed coverage on shares of Builders FirstSource in a research note on Thursday, February 26th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Robert W. Baird reduced their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company increased their target price on shares of Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $126.65.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $83.95 on Tuesday. Builders FirstSource has a 12 month low of $80.00 and a 12 month high of $151.03. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The company has a market cap of $9.29 billion, a P/E ratio of 21.64, a PEG ratio of 2.04 and a beta of 1.56. The firm has a fifty day moving average price of $108.66 and a 200 day moving average price of $113.18.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period last year, the firm earned $2.31 earnings per share. Sell-side analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In related news, Director Paul S. Levy bought 50,000 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the acquisition, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors have recently bought and sold shares of BLDR. Cromwell Holdings LLC lifted its stake in shares of Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after acquiring an additional 225 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Builders FirstSource by 167.1% during the third 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 during the period. TD Waterhouse Canada Inc. purchased a new position in Builders FirstSource during the third quarter worth about $34,000. Transamerica Financial Advisors LLC raised 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 worth $38,000 after purchasing an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource in the second quarter valued at about $38,000. 95.53% of the stock is owned by institutional investors and hedge funds.

About Builders FirstSource

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.