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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $192.47.

A number of research analysts have commented on BLDR shares. Bank of America cut their target price on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. DA Davidson reissued a “neutral” rating and issued a $185.00 price objective on shares of Builders FirstSource in a research note on Thursday, March 28th. Jefferies Financial Group upped their target price on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Barclays cut their price target on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Finally, Wedbush decreased their price objective on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research note on Tuesday.

Builders FirstSource Stock Performance

BLDR stock opened at $136.74 on Thursday. The business’s fifty day simple moving average is $164.29 and its two-hundred day simple moving average is $176.13. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The firm has a market cap of $16.69 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.20 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 issued its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.23. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.96 EPS. Analysts predict that Builders FirstSource will post 12.93 earnings per share for the current year.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the transaction, the insider now owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, the insider now owns 22,667 shares in the company, valued at approximately $3,855,883.37. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Builders FirstSource

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Team Hewins LLC increased its stake in shares of Builders FirstSource by 6.5% during the 1st quarter. Team Hewins LLC now owns 1,313 shares of the company’s stock valued at $274,000 after acquiring an additional 80 shares during the last quarter. Private Trust Co. NA increased its position in Builders FirstSource by 30.7% during the fourth quarter. Private Trust Co. NA now owns 345 shares of the company’s stock worth $58,000 after purchasing an additional 81 shares during the last quarter. Congress Wealth Management LLC DE raised its stake in Builders FirstSource by 1.4% during the fourth quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock worth $1,035,000 after purchasing an additional 85 shares during the period. Mezzasalma Advisors LLC boosted its holdings in shares of Builders FirstSource by 0.6% in the 3rd quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock valued at $1,832,000 after purchasing an additional 90 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Builders FirstSource by 49.7% during the 4th quarter. Quarry LP now owns 280 shares of the company’s stock valued at $47,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds 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.