Raymond James Reiterates “Outperform” Rating for Builders FirstSource (NYSE:BLDR)

Builders FirstSource (NYSE:BLDR)‘s stock had its “outperform” rating reissued by research analysts at Raymond James in a research note issued on Friday,Benzinga reports. They currently have a $170.00 target price on the stock, down from their previous target price of $180.00. Raymond James’ target price suggests a potential upside of 23.96% from the company’s previous close.

BLDR has been the topic of a number of other research reports. Barclays cut their price objective on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Oppenheimer reissued an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. DA Davidson boosted their target price 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. Finally, Royal Bank of Canada boosted their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.88.

Builders FirstSource Trading Down 5.0 %

BLDR stock opened at $137.14 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource has a twelve month low of $130.75 and a twelve month high of $214.70. The stock has a market capitalization of $15.78 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12. The firm’s fifty day simple moving average is $154.21 and its two-hundred day simple moving average is $170.63.

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

Institutional Trading of Builders FirstSource

A number of hedge funds have recently added to or reduced their stakes in the business. World Equity Group Inc. lifted its stake in Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock worth $316,000 after acquiring an additional 64 shares during the period. HighTower Advisors LLC raised its holdings in Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after purchasing an additional 64 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings 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 in the last quarter. Integrated Investment Consultants LLC raised its holdings in Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after purchasing an additional 65 shares in the last quarter. Finally, TFB Advisors LLC raised its holdings in Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after purchasing an additional 79 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other 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.