Builders FirstSource, Inc. (NYSE:BLDR) Receives $190.72 Consensus Price Target from Brokerages

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $190.72.

Several equities research analysts have weighed in on BLDR shares. Stifel Nicolaus cut their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research note on Monday, February 24th. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Benchmark cut their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Truist Financial reduced 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. Finally, The Goldman Sachs Group cut their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st.

Builders FirstSource Stock Up 0.4 %

BLDR opened at $124.96 on Friday. The stock has a market cap of $14.20 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock’s fifty day simple moving average is $144.80 and its 200 day simple moving average is $164.17. Builders FirstSource has a 1-year low of $119.65 and a 1-year high of $210.00.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. As a group, research analysts expect that Builders FirstSource will post 11.59 earnings per share for the current year.

Institutional Trading of Builders FirstSource

A number of hedge funds and other institutional investors have recently bought and sold shares of BLDR. HighTower Advisors LLC lifted its holdings in shares of Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after purchasing an additional 64 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Builders FirstSource by 3.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after purchasing an additional 64 shares during the last quarter. Integrated Investment Consultants LLC increased its holdings in Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after buying an additional 65 shares during the last quarter. TFB Advisors LLC lifted its stake in Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after purchasing an additional 79 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Builders FirstSource by 14.6% during the 3rd quarter. Private Trust Co. NA now owns 642 shares of the company’s stock valued at $124,000 after buying an additional 82 shares during the last quarter. Institutional investors 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.