Builders FirstSource (NYSE:BLDR) Earns Outperform Rating from Wedbush

Builders FirstSource (NYSE:BLDR)‘s stock had its “outperform” rating reiterated by Wedbush in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $230.00 price target on the stock. Wedbush’s target price points to a potential upside of 57.22% from the company’s previous close.

BLDR has been the subject of a number of other reports. Barclays raised their price objective on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Loop Capital boosted their price target on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. DA Davidson upped their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $210.00.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $146.29 on Wednesday. The stock has a fifty day moving average price of $178.64 and a 200 day moving average price of $168.85. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a market cap of $16.84 billion, a PE ratio of 14.29, a P/E/G ratio of 0.96 and a beta of 2.06. Builders FirstSource has a 1 year low of $130.75 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. Builders FirstSource’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.24 earnings per share. Sell-side analysts forecast that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new position in shares of Builders FirstSource during the third quarter worth about $28,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource during the 3rd quarter worth approximately $30,000. Innealta Capital LLC purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $27,000. Reston Wealth Management LLC acquired a new stake in Builders FirstSource in the third quarter valued at approximately $39,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource during the third quarter valued at approximately $46,000. 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.