Builders FirstSource, Inc. (NYSE:BLDR) Given Average Recommendation of “Moderate Buy” by Analysts

Builders FirstSource, Inc. (NYSE:BLDR) has received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $192.47.

A number of brokerages recently issued reports on BLDR. Barclays decreased their target price on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Robert W. Baird reduced their price objective on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Wedbush decreased their price objective on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, Bank of America decreased their price objective on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, June 6th.

Builders FirstSource Stock Down 0.3 %

Shares of NYSE BLDR opened at $134.39 on Thursday. The stock has a market cap of $16.40 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 2.23 and a beta of 2.04. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. Builders FirstSource has a 52-week low of $105.24 and a 52-week high of $214.70. The business has a 50-day moving average price of $159.64 and a 200 day moving average price of $175.39.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.96 EPS. Equities research analysts forecast that Builders FirstSource will post 12.93 earnings per share for the current year.

Insider Activity

In other news, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the sale, the insider now directly owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction on Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EdgeRock Capital LLC purchased a new position in Builders FirstSource during the fourth quarter worth $25,000. Contravisory Investment Management Inc. purchased a new position in Builders FirstSource during the fourth quarter worth $28,000. Rakuten Securities Inc. purchased a new position in Builders FirstSource during the fourth quarter worth $29,000. Raleigh Capital Management Inc. increased its position in Builders FirstSource by 134.0% during the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Finally, Westside Investment Management Inc. purchased a new position in Builders FirstSource during the first quarter worth $31,000. 95.53% of the stock is 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.