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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been assigned an average recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $205.71.

A number of equities analysts have recently commented on BLDR shares. Wedbush reissued an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. UBS Group assumed coverage on shares of Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price for the company. Barclays reduced their price target on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research note on Thursday. Royal Bank of Canada upped their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird raised their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th.

Builders FirstSource Trading Up 2.1 %

Shares of Builders FirstSource stock opened at $164.09 on Monday. The firm’s 50-day moving average price is $163.99 and its two-hundred day moving average price is $169.30. The company has a market capitalization of $18.88 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 0.75 and a beta of 2.11. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource has a 12-month low of $130.75 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business earned $4.24 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. On average, analysts forecast that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

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

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently bought and sold shares of BLDR. Private Advisor Group LLC grew its holdings in Builders FirstSource by 107.3% during the 2nd quarter. Private Advisor Group LLC now owns 9,999 shares of the company’s stock worth $1,384,000 after acquiring an additional 5,176 shares during the period. Choreo LLC acquired a new stake in Builders FirstSource during the second quarter worth approximately $224,000. Oppenheimer & Co. Inc. grew its stake in Builders FirstSource by 22.2% during the second quarter. Oppenheimer & Co. Inc. now owns 26,482 shares of the company’s stock worth $3,665,000 after purchasing an additional 4,814 shares during the period. Federated Hermes Inc. increased its holdings in Builders FirstSource by 21.2% in the second quarter. Federated Hermes Inc. now owns 79,894 shares of the company’s stock worth $11,058,000 after purchasing an additional 14,001 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in Builders FirstSource by 4.6% in the second quarter. Wealthspire Advisors LLC now owns 2,031 shares of the company’s stock valued at $281,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.