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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have received an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $210.00.

A number of research firms have commented on BLDR. Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and boosted their price target for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Robert W. Baird increased their price objective on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Wedbush restated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 price target on the stock. Finally, DA Davidson lifted their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the transaction, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of Builders FirstSource by 18.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company’s stock valued at $16,055,000 after purchasing an additional 18,223 shares in the last quarter. First Horizon Advisors Inc. increased its position in Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after buying an additional 75 shares in the last quarter. Fifth Third Bancorp raised its stake in Builders FirstSource by 14.0% during the second quarter. Fifth Third Bancorp now owns 1,221 shares of the company’s stock valued at $169,000 after buying an additional 150 shares during the last quarter. GYL Financial Synergies LLC bought a new stake in Builders FirstSource in the second quarter worth $1,929,000. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in Builders FirstSource by 189.2% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 8,291 shares of the company’s stock worth $1,148,000 after acquiring an additional 5,424 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $152.03 on Thursday. The company has a fifty day moving average price of $180.39 and a 200-day moving average price of $169.13. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 0.96 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource has a 1 year low of $130.75 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly 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). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the firm posted $4.24 earnings per share. Builders FirstSource’s quarterly revenue was down 6.7% compared to the same quarter last year. As a group, equities research analysts predict that Builders FirstSource will post 11.55 EPS for the current fiscal 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.