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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been given an average rating of “Moderate Buy” by the eighteen brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $205.71.

A number of brokerages have recently weighed in on BLDR. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a report on Wednesday, January 8th. DA Davidson lifted their target price on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Robert W. Baird increased their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Barclays lowered their price target on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th.

Builders FirstSource Price Performance

BLDR opened at $159.55 on Friday. The firm has a market capitalization of $18.36 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 0.92 and a beta of 2.12. The business’s 50-day moving average is $160.01 and its two-hundred day moving average is $171.35. Builders FirstSource has a 1 year low of $130.75 and a 1 year high of $214.70. 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 (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the prior year, the company posted $4.24 EPS. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. Research analysts anticipate that Builders FirstSource will post 11.52 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

Several institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource in the third quarter worth approximately $28,000. Armstrong Advisory Group Inc. purchased a new position in Builders FirstSource in the 3rd quarter valued at $30,000. Reston Wealth Management LLC acquired a new position in Builders FirstSource during the third quarter worth about $39,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource in the 4th quarter valued at about $33,000. Finally, Brown Brothers Harriman & Co. purchased a new position in Builders FirstSource in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.