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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have earned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $208.75.

A number of equities research analysts have recently commented on BLDR shares. Robert W. Baird increased their target price on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. DA Davidson raised their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Wedbush reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Royal Bank of Canada increased their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group began coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price objective for the company.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $140.14 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The stock has a market cap of $16.13 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.96 and a beta of 2.11. The stock has a fifty day moving average of $166.00 and a 200-day moving average of $168.80.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $4.44 billion. During the same quarter last year, the company posted $4.24 earnings per share. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. Equities research analysts anticipate that Builders FirstSource will post 11.55 earnings per share for the current year.

Insider Buying and Selling at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the transaction, the director now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Builders FirstSource

Several institutional investors and hedge funds have recently made changes to their positions in BLDR. Mountaineer Partners Management LLC purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $2,099,877,000. FMR LLC lifted its holdings in shares of Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after buying an additional 3,186,876 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Builders FirstSource by 23.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after buying an additional 277,897 shares in the last quarter. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource during the third quarter valued at $267,132,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in shares of Builders FirstSource in the third quarter valued at about $255,867,000. 95.53% of the stock is currently owned by institutional investors.

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.