Builders FirstSource (NYSE:BLDR) Earns “Outperform” Rating from Wedbush

Builders FirstSource (NYSE:BLDR)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a research note issued to investors on Wednesday, MarketBeat.com reports. They presently have a $230.00 target price on the stock. Wedbush’s price objective would suggest a potential upside of 57.22% from the stock’s current price.

BLDR has been the topic of a number of other research reports. Royal Bank of Canada upped their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. UBS Group started coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 target price on the stock. Jefferies Financial Group boosted their price target on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group assumed coverage on Builders FirstSource in a research note on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective on the stock. Finally, DA Davidson boosted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and a consensus target price of $210.00.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $146.29 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The business has a 50 day moving average price of $178.64 and a two-hundred day moving average price of $168.85. The firm has a market cap of $16.84 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.24 EPS. Sell-side analysts expect that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the transaction, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Builders FirstSource

A number of hedge funds and other institutional investors have recently modified their holdings of BLDR. Principal Financial Group Inc. raised its position in shares of Builders FirstSource by 38.5% during the 3rd quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock worth $39,025,000 after buying an additional 56,009 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Builders FirstSource by 18.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,270 shares of the company’s stock worth $639,000 after acquiring an additional 500 shares during the period. Oddo BHF Asset Management Sas bought a new stake in Builders FirstSource in the third quarter worth about $547,000. American Trust lifted its holdings in Builders FirstSource by 5.0% in the 3rd quarter. American Trust now owns 3,626 shares of the company’s stock valued at $703,000 after acquiring an additional 174 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in Builders FirstSource by 129.4% in the 3rd quarter. Tidal Investments LLC now owns 19,845 shares of the company’s stock valued at $3,847,000 after acquiring an additional 11,194 shares during the last quarter. 95.53% of the stock is currently owned by 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.