Brokerages Set Builders FirstSource, Inc. (NYSE:BLDR) Price Target at $186.93

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $186.93.

BLDR has been the subject of several research analyst reports. Wedbush upped their target price on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Oppenheimer lifted their target price on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Bank of America raised Builders FirstSource from a “neutral” rating to a “buy” rating and upped their target price for the company from $153.00 to $200.00 in a research report on Monday, January 29th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Finally, DA Davidson reissued a “neutral” rating and issued a $185.00 price objective on shares of Builders FirstSource in a report on Thursday, March 28th.

Builders FirstSource Trading Down 2.7 %

BLDR opened at $184.41 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The firm has a market cap of $22.49 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.16 and a beta of 2.04. Builders FirstSource has a 52 week low of $90.10 and a 52 week high of $214.70. The business has a fifty day simple moving average of $195.47 and a 200-day simple moving average of $161.72.

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

Insider Buying and Selling

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the sale, the director now owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Builders FirstSource

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale increased its stake in shares of Builders FirstSource by 18.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock worth $9,515,000 after purchasing an additional 9,122 shares during the period. FCF Advisors LLC lifted its holdings in shares of Builders FirstSource by 81.9% during the fourth quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after buying an additional 9,470 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Builders FirstSource by 13.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 52,312 shares of the company’s stock worth $6,512,000 after buying an additional 6,155 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Builders FirstSource by 0.8% in the third quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock valued at $1,578,876,000 after acquiring an additional 96,638 shares during the period. Finally, Czech National Bank bought a new position in Builders FirstSource during the fourth quarter worth $3,608,000. Institutional investors and hedge funds 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.