Builders FirstSource (NASDAQ:BLDR) Price Target Raised to $57.00 at BTIG Research


Share on StockTwits

Builders FirstSource (NASDAQ:BLDR) had its price target lifted by equities research analysts at BTIG Research from $50.00 to $57.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the stock. BTIG Research’s target price would indicate a potential upside of 21.41% from the company’s current price.

Several other brokerages have also recently issued reports on BLDR. Truist boosted their price objective on Builders FirstSource from $48.00 to $52.00 in a report on Monday, March 1st. Barclays boosted their price objective on Builders FirstSource from $48.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, March 1st. Royal Bank of Canada boosted their price objective on Builders FirstSource from $48.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, March 1st. Stifel Nicolaus started coverage on Builders FirstSource in a report on Tuesday, March 9th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group started coverage on Builders FirstSource in a report on Thursday, December 17th. They issued a “buy” rating and a $43.00 price objective for the company. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $44.06.

Shares of BLDR opened at $46.95 on Thursday. The stock has a 50-day moving average of $44.58 and a two-hundred day moving average of $38.83. Builders FirstSource has a one year low of $12.49 and a one year high of $49.04. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.21 and a current ratio of 1.90. The stock has a market cap of $9.69 billion, a P/E ratio of 25.80 and a beta of 2.65.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, February 25th. The company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.34. Builders FirstSource had a return on equity of 29.40% and a net margin of 2.76%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm’s revenue was up 45.7% compared to the same quarter last year. Analysts predict that Builders FirstSource will post 2.65 EPS for the current fiscal year.

In other Builders FirstSource news, insider Jami Lynn Coulter sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $44.47, for a total transaction of $222,350.00. Following the completion of the sale, the insider now directly owns 22,819 shares in the company, valued at approximately $1,014,760.93. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Timothy D. Johnson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $44.39, for a total value of $443,900.00. Following the sale, the executive vice president now owns 15,418 shares of the company’s stock, valued at $684,405.02. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Truist Financial Corp increased its stake in Builders FirstSource by 2.1% during the 3rd quarter. Truist Financial Corp now owns 14,772 shares of the company’s stock worth $483,000 after buying an additional 300 shares in the last quarter. Stifel Financial Corp grew its position in shares of Builders FirstSource by 0.9% in the fourth quarter. Stifel Financial Corp now owns 50,448 shares of the company’s stock valued at $2,058,000 after purchasing an additional 442 shares in the last quarter. Brown Advisory Securities LLC grew its position in shares of Builders FirstSource by 5.6% in the fourth quarter. Brown Advisory Securities LLC now owns 9,500 shares of the company’s stock valued at $388,000 after purchasing an additional 500 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Builders FirstSource by 15.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,550 shares of the company’s stock valued at $186,000 after purchasing an additional 600 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Builders FirstSource by 12.2% in the third quarter. Captrust Financial Advisors now owns 9,648 shares of the company’s stock valued at $320,000 after purchasing an additional 1,052 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

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. The company operates through four segments: Northeast, Southeast, South, and West.

Further Reading: Arbitrage

The Fly

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.