Builders FirstSource, Inc. (NYSE:BLDR) Receives $126.65 Average PT from Analysts

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have earned an average rating of “Hold” from the twenty-three research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $122.7058.

A number of brokerages have recently weighed in on BLDR. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. DA Davidson dropped their price target on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Wells Fargo & Company dropped their price target on Builders FirstSource from $120.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Benchmark dropped their price target on Builders FirstSource from $142.00 to $138.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Stifel Nicolaus lowered their target price on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, March 16th.

Insider Buying and Selling

In other Builders FirstSource news, Director Paul S. Levy bought 50,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. The trade was a 2.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Builders FirstSource

Several large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its position in Builders FirstSource by 21.3% in the 4th quarter. Hsbc Holdings PLC now owns 261,330 shares of the company’s stock valued at $26,978,000 after acquiring an additional 45,967 shares during the period. Rockefeller Capital Management L.P. increased its position in Builders FirstSource by 56.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 9,735 shares of the company’s stock valued at $1,002,000 after acquiring an additional 3,519 shares during the period. World Investment Advisors increased its position in Builders FirstSource by 73.7% in the 4th quarter. World Investment Advisors now owns 3,233 shares of the company’s stock valued at $333,000 after acquiring an additional 1,372 shares during the period. Rehmann Capital Advisory Group increased its position in Builders FirstSource by 30.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 10,350 shares of the company’s stock valued at $1,067,000 after acquiring an additional 2,422 shares during the period. Finally, Banque Transatlantique SA increased its position in Builders FirstSource by 4.6% in the 4th quarter. Banque Transatlantique SA now owns 44,922 shares of the company’s stock valued at $4,731,000 after acquiring an additional 1,964 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 0.1%

Shares of Builders FirstSource stock opened at $85.29 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The business’s 50 day simple moving average is $98.12 and its 200-day simple moving average is $108.57. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.12 and a beta of 1.63. Builders FirstSource has a twelve month low of $76.50 and a twelve month high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 earnings per share. Equities research analysts forecast that Builders FirstSource will post 11.59 earnings per share for the current year.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.