Builders FirstSource, Inc. (NYSE:BLDR) Receives $186.84 Consensus Target Price from Analysts

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have received an average recommendation of “Moderate Buy” from the twenty-one research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $186.84.

BLDR has been the topic of several research analyst reports. Loop Capital cut their price objective on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Barclays lowered their price objective on shares of Builders FirstSource from $165.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They set a “buy” rating and a $151.00 target price on the stock. Benchmark cut their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Raymond James reiterated an “outperform” rating and issued a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st.

Builders FirstSource Stock Up 0.4 %

Shares of BLDR opened at $121.40 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm has a market cap of $13.81 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The company’s 50-day moving average price is $127.18 and its 200 day moving average price is $153.54. Builders FirstSource has a 12-month low of $110.84 and a 12-month high of $203.14.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. On average, sell-side analysts forecast that Builders FirstSource will post 11.59 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Builders FirstSource by 3.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after acquiring an additional 64 shares during the last quarter. Integrated Investment Consultants LLC grew its position in shares of Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after acquiring an additional 65 shares during the last quarter. TFB Advisors LLC grew its position in shares of Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after acquiring an additional 79 shares during the last quarter. HighPoint Advisor Group LLC grew its position in shares of Builders FirstSource by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock worth $262,000 after acquiring an additional 83 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its position in shares of Builders FirstSource by 6.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company’s stock worth $214,000 after acquiring an additional 85 shares during the last quarter. 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.