Builders FirstSource, Inc. (NYSE:BLDR) Receives $205.71 Average Target Price from Brokerages

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been given a consensus rating of “Moderate Buy” by the eighteen research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $205.71.

BLDR has been the subject of several recent analyst reports. Stephens upped their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 8th. 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. Barclays dropped their price target on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, UBS Group started coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company.

Builders FirstSource Stock Performance

BLDR opened at $156.26 on Friday. The company has a 50 day simple moving average of $158.22 and a two-hundred day simple moving average of $171.37. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a market cap of $17.98 billion, a P/E ratio of 15.26, a PEG ratio of 0.89 and a beta of 2.12. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cyndeo Wealth Partners LLC grew its position in Builders FirstSource by 3.7% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock valued at $305,000 after acquiring an additional 56 shares during the last quarter. World Equity Group Inc. grew its holdings in shares of 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 purchasing an additional 64 shares during the last quarter. HighTower Advisors LLC increased its stake in Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after buying an additional 64 shares during the period. Integrated Investment Consultants LLC lifted its holdings in Builders FirstSource by 0.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after buying an additional 65 shares in the last quarter. Finally, TFB Advisors LLC lifted its holdings in Builders FirstSource by 2.1% during the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after buying an additional 79 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

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.