Builders FirstSource, Inc. (NYSE:BLDR) Receives $210.00 Average PT from Brokerages

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been given an average rating of “Moderate Buy” by the eighteen research firms that are covering the company, MarketBeat.com reports. Three investment 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. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $210.00.

A number of research firms have weighed in on BLDR. Royal Bank of Canada upped their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. UBS Group began coverage on shares of Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company. Oppenheimer reiterated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, Robert W. Baird boosted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th.

Builders FirstSource Stock Down 1.0 %

Shares of BLDR stock opened at $149.03 on Thursday. Builders FirstSource has a twelve month low of $130.75 and a twelve month high of $214.70. The stock has a market cap of $17.15 billion, a P/E ratio of 14.55, a P/E/G ratio of 0.96 and a beta of 2.06. The stock has a 50 day moving average of $176.83 and a 200 day moving average of $169.16. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83.

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

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction 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 $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Several large investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Builders FirstSource by 18.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company’s stock valued at $16,055,000 after buying an additional 18,223 shares during the period. First Horizon Advisors Inc. increased its stake in Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after purchasing an additional 75 shares during the period. Fifth Third Bancorp increased its stake in Builders FirstSource by 14.0% during the second quarter. Fifth Third Bancorp now owns 1,221 shares of the company’s stock worth $169,000 after purchasing an additional 150 shares during the period. GYL Financial Synergies LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth about $1,929,000. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of Builders FirstSource by 189.2% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 8,291 shares of the company’s stock valued at $1,148,000 after purchasing an additional 5,424 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.