Builders FirstSource, Inc. (NYSE:BLDR) Receives $210.00 Average Price Target from Analysts

Builders FirstSource, Inc. (NYSE:BLDR) has received an average rating of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $210.00.

BLDR has been the subject of several research reports. Royal Bank of Canada raised their target price on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Stephens increased their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, December 16th. UBS Group started coverage on Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new position in shares of Builders FirstSource during the second quarter worth about $27,000. Brooklyn Investment Group bought a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $28,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Builders FirstSource in the third quarter valued at approximately $30,000. First Horizon Advisors Inc. grew its position in Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of Builders FirstSource in the second quarter valued at about $38,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

NYSE:BLDR opened at $150.50 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a market cap of $17.32 billion, a P/E ratio of 14.70, a PEG ratio of 0.96 and a beta of 2.06. The company has a fifty day moving average price of $177.79 and a 200 day moving average price of $169.00. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the business earned $4.24 earnings per share. Analysts anticipate that Builders FirstSource will post 11.55 earnings per share for the current year.

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.