Builders FirstSource, Inc. (NYSE:BLDR) Receives Average Rating of “Moderate Buy” from Analysts

Builders FirstSource, Inc. (NYSE:BLDR) has earned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $210.00.

Several brokerages have weighed in on BLDR. Barclays upped their target price on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stephens increased their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Bank of America boosted their price target on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. The Goldman Sachs Group initiated coverage on shares of 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 upped their target price on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th.

Builders FirstSource Trading Down 1.0 %

Shares of BLDR opened at $149.03 on Thursday. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 0.96 and a beta of 2.06. 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 1-year low of $130.75 and a 1-year high of $214.70. The company has a 50-day moving average of $176.83 and a 200 day moving average of $169.16.

Builders FirstSource (NYSE:BLDR) last posted its quarterly 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 company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the firm posted $4.24 EPS. The business’s revenue was down 6.7% on a year-over-year basis. On average, research analysts expect that Builders FirstSource will post 11.55 EPS for the current year.

Insiders Place Their Bets

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s 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 in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Mountaineer Partners Management LLC purchased a new stake in Builders FirstSource in the third quarter valued at approximately $2,099,877,000. FMR LLC boosted its holdings in shares of Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Builders FirstSource in the third quarter worth $267,132,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource during the third quarter worth $255,867,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after purchasing an additional 911,990 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

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.