Builders FirstSource, Inc. (NYSE:BLDR) Receives $205.71 Average Price Target from Brokerages

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $205.71.

A number of equities research analysts have commented on BLDR shares. Royal Bank of Canada lifted their target price 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. Raymond James started coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They issued an “outperform” rating and a $180.00 target price for the company. DA Davidson lifted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Barclays cut their target price on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, UBS Group started coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price for the company.

Hedge Funds Weigh In On Builders FirstSource

Several large investors have recently added to or reduced their stakes in BLDR. Northwestern Mutual Wealth Management Co. lifted its holdings in Builders FirstSource by 61.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 395 shares of the company’s stock valued at $55,000 after purchasing an additional 150 shares in the last quarter. AMF Tjanstepension AB purchased a new position in Builders FirstSource during the third quarter valued at approximately $1,471,000. Park Avenue Securities LLC lifted its holdings in Builders FirstSource by 9.1% during the third quarter. Park Avenue Securities LLC now owns 4,156 shares of the company’s stock valued at $806,000 after purchasing an additional 347 shares in the last quarter. Czech National Bank lifted its holdings in Builders FirstSource by 2.0% during the third quarter. Czech National Bank now owns 23,722 shares of the company’s stock valued at $4,599,000 after purchasing an additional 462 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Builders FirstSource by 10.2% in the third quarter. GAMMA Investing LLC now owns 1,060 shares of the company’s stock worth $205,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 1.2 %

Builders FirstSource stock opened at $152.55 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70. The stock has a market capitalization of $17.56 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12. The business’s fifty day moving average is $157.69 and its 200 day moving average is $171.23.

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.