Jefferies Financial Group Increases Builders FirstSource (NYSE:BLDR) Price Target to $237.00

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

Several other analysts have also weighed in on BLDR. StockNews.com raised Builders FirstSource from a hold rating to a buy rating in a report on Wednesday, February 21st. Royal Bank of Canada upped their target price on Builders FirstSource from $186.00 to $211.00 and gave the company an outperform rating in a report on Friday, February 23rd. Oppenheimer upped their target price on Builders FirstSource from $220.00 to $242.00 and gave the company an outperform rating in a report on Friday, February 23rd. Bank of America upgraded Builders FirstSource from a neutral rating to a buy rating and upped their price objective for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Finally, DA Davidson restated a neutral rating and issued a $185.00 price objective on shares of Builders FirstSource in a research report on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Builders FirstSource presently has a consensus rating of Moderate Buy and a consensus price target of $190.06.

Builders FirstSource Trading Up 1.7 %

Shares of BLDR stock opened at $182.44 on Thursday. The business’s fifty day moving average price is $195.47 and its 200 day moving average price is $162.39. Builders FirstSource has a 1-year low of $90.10 and a 1-year high of $214.70. The firm has a market capitalization of $22.25 billion, a PE ratio of 15.22, a P/E/G ratio of 1.11 and a beta of 2.04. 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 posted its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.85. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. As a group, sell-side analysts forecast that Builders FirstSource will post 13.84 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now directly 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 is accessible through this link. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

Large investors have recently added to or reduced their stakes in the business. Fairfield Bush & CO. acquired a new stake in Builders FirstSource during the first quarter worth about $64,000. PNC Financial Services Group Inc. increased its stake in Builders FirstSource by 37.0% during the first quarter. PNC Financial Services Group Inc. now owns 8,329 shares of the company’s stock worth $537,000 after acquiring an additional 2,249 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Builders FirstSource by 7.9% during the first quarter. Great West Life Assurance Co. Can now owns 105,236 shares of the company’s stock worth $6,989,000 after acquiring an additional 7,745 shares during the last quarter. LSV Asset Management increased its stake in Builders FirstSource by 4.9% during the first quarter. LSV Asset Management now owns 143,900 shares of the company’s stock worth $9,287,000 after acquiring an additional 6,700 shares during the last quarter. Finally, Cibc World Market Inc. increased its stake in Builders FirstSource by 106.0% during the first quarter. Cibc World Market Inc. now owns 8,339 shares of the company’s stock worth $538,000 after acquiring an additional 4,290 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

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.