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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been given a consensus recommendation of “Moderate Buy” by the twenty-one research firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $186.84.

Several research analysts recently issued reports on BLDR shares. Truist Financial reduced their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada dropped their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Raymond James reiterated an “outperform” rating and set a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Barclays dropped their price target on Builders FirstSource from $165.00 to $151.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group dropped their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st.

Builders FirstSource Trading Up 0.4 %

BLDR opened at $121.40 on Wednesday. The firm has a market cap of $13.81 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.80 and a beta of 1.99. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource has a 12 month low of $110.84 and a 12 month high of $203.14. The stock has a fifty day moving average price of $127.18 and a 200-day moving average price of $153.54.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. As a group, equities research analysts anticipate that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

A number of hedge funds have recently bought and sold shares of the business. Invst LLC increased its holdings in shares of Builders FirstSource by 2.1% in the third quarter. Invst LLC now owns 5,723 shares of the company’s stock valued at $1,109,000 after purchasing an additional 117 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $349,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Builders FirstSource in the third quarter valued at about $827,000. Tidal Investments LLC increased its position in Builders FirstSource by 129.4% during the third quarter. Tidal Investments LLC now owns 19,845 shares of the company’s stock worth $3,847,000 after purchasing an additional 11,194 shares during the last quarter. Finally, American Trust raised its stake in Builders FirstSource by 5.0% during the third quarter. American Trust now owns 3,626 shares of the company’s stock worth $703,000 after purchasing an additional 174 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.