Builders FirstSource, Inc. (NYSE:BLDR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Builders FirstSource, Inc. (NYSE:BLDR) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $192.47.

Several research firms recently weighed in on BLDR. Robert W. Baird dropped their price target on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Zelman & Associates reissued a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Finally, Barclays decreased their target price on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th.

Insider Activity at Builders FirstSource

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

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently made changes to their positions in BLDR. Allianz Asset Management GmbH grew its stake in shares of Builders FirstSource by 73.9% in the 4th quarter. Allianz Asset Management GmbH now owns 128,348 shares of the company’s stock valued at $21,426,000 after buying an additional 54,557 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Builders FirstSource by 18.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock worth $9,515,000 after purchasing an additional 9,122 shares during the period. FCF Advisors LLC increased its position in Builders FirstSource by 81.9% in the fourth quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after buying an additional 9,470 shares during the last quarter. New York Life Investment Management LLC grew its position in shares of Builders FirstSource by 437.8% in the fourth quarter. New York Life Investment Management LLC now owns 17,580 shares of the company’s stock valued at $2,935,000 after purchasing an additional 14,311 shares in the last quarter. Finally, Boulder Hill Capital Management LP purchased a new stake in shares of Builders FirstSource in the fourth quarter worth about $851,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.2 %

Builders FirstSource stock opened at $136.74 on Thursday. The stock has a 50-day simple moving average of $164.29 and a 200 day simple moving average of $176.13. The stock has a market capitalization of $16.69 billion, a P/E ratio of 11.71, a PEG ratio of 2.20 and a beta of 2.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. Builders FirstSource has a 52 week low of $105.24 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.42 by $0.23. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $2.96 earnings per share. Analysts expect that Builders FirstSource will post 12.93 earnings per share for the current year.

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.