Builders FirstSource (NYSE:BLDR) Given New $237.00 Price Target at Jefferies Financial Group

Builders FirstSource (NYSE:BLDR) had its price target raised by Jefferies Financial Group from $226.00 to $237.00 in a report published on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Truist Financial raised their price objective on shares of Builders FirstSource from $185.00 to $190.00 and gave the stock a hold rating in a research note on Friday, February 23rd. Barclays increased their target price on Builders FirstSource from $235.00 to $240.00 and gave the company an overweight rating in a research report on Thursday, April 4th. Bank of America upgraded Builders FirstSource from a neutral rating to a buy rating and increased their target price for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Oppenheimer increased their target price on Builders FirstSource from $220.00 to $242.00 and gave the company an outperform rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada increased their target price on Builders FirstSource from $186.00 to $211.00 and gave the company an outperform rating in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of Moderate Buy and an average price target of $190.06.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $182.44 on Thursday. The stock has a market capitalization of $22.25 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.11 and a beta of 2.04. Builders FirstSource has a 12 month low of $90.10 and a 12 month high of $214.70. The firm’s 50 day simple moving average is $195.47 and its 200-day simple moving average is $162.39. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. Analysts expect that Builders FirstSource will post 13.84 EPS for the current year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EdgeRock Capital LLC purchased a new position in shares of Builders FirstSource during the 4th quarter worth $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Builders FirstSource during the 4th quarter worth $28,000. Rakuten Securities Inc. purchased a new position in shares of Builders FirstSource during the 4th quarter worth $29,000. Rock Creek Group LP purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $30,000. Finally, BluePath Capital Management LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $31,000. Hedge funds and other institutional investors 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.