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

Builders FirstSource, Inc. (NYSE:BLDR) has received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $190.72.

A number of equities research analysts have recently weighed in on the stock. Stephens raised their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada dropped their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Stifel Nicolaus cut their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Truist Financial lowered their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, The Goldman Sachs Group cut their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Park Square Financial Group LLC acquired a new position in shares of Builders FirstSource during the 4th quarter worth $174,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Builders FirstSource in the 4th quarter valued at about $6,511,000. Heck Capital Advisors LLC acquired a new stake in shares of Builders FirstSource during the fourth quarter worth $196,000. Mackenzie Financial Corp boosted its holdings in shares of Builders FirstSource by 35.2% during the fourth quarter. Mackenzie Financial Corp now owns 14,002 shares of the company’s stock worth $2,001,000 after purchasing an additional 3,647 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Builders FirstSource by 13.0% in the 4th quarter. Toronto Dominion Bank now owns 44,898 shares of the company’s stock valued at $6,417,000 after purchasing an additional 5,170 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Down 3.0 %

BLDR opened at $134.84 on Tuesday. Builders FirstSource has a 12 month low of $130.75 and a 12 month high of $214.70. The stock has a market capitalization of $15.32 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.80 and a beta of 2.12. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The business has a fifty day moving average price of $152.82 and a 200 day moving average price of $170.17.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Sell-side analysts expect that Builders FirstSource will post 11.59 earnings per share 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.