Builders FirstSource (NYSE:BLDR) PT Lowered to $197.00 at Robert W. Baird

Builders FirstSource (NYSE:BLDR) had its price objective decreased by equities researchers at Robert W. Baird from $207.00 to $197.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 20.97% from the company’s previous close.

A number of other research firms have also issued reports on BLDR. Truist Financial increased their target price on shares of Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. DA Davidson reiterated a “neutral” rating and issued a $185.00 target price on shares of Builders FirstSource in a report on Thursday, March 28th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Wedbush reaffirmed an “outperform” rating and issued a $215.00 price target (down previously from $225.00) on shares of Builders FirstSource in a research report on Tuesday. Finally, Oppenheimer boosted their price objective on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $199.60.

Builders FirstSource Price Performance

BLDR stock opened at $162.85 on Wednesday. The business’s fifty day moving average price is $195.08 and its 200 day moving average price is $169.16. Builders FirstSource has a 12-month low of $105.24 and a 12-month high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $19.86 billion, a PE ratio of 13.58, a P/E/G ratio of 1.22 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.96 earnings per share. On average, sell-side analysts anticipate that Builders FirstSource will post 13.83 EPS for the current year.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction that occurred on 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 owns 28,738 shares of the company’s stock, valued at $5,747,600. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BLDR. DekaBank Deutsche Girozentrale raised its stake in shares of Builders FirstSource by 18.5% during 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 last quarter. FCF Advisors LLC lifted its stake in shares of Builders FirstSource by 81.9% in the 4th quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after acquiring an additional 9,470 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Builders FirstSource by 13.3% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 52,312 shares of the company’s stock valued at $6,512,000 after acquiring an additional 6,155 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Builders FirstSource by 53.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 94,505 shares of the company’s stock worth $15,777,000 after acquiring an additional 32,819 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Builders FirstSource by 0.8% during the third quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock worth $1,578,876,000 after purchasing an additional 96,638 shares in the last quarter. 95.53% of the stock is 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.