Brokerages Set Builders FirstSource, Inc. (NYSE:BLDR) Price Target at $192.47

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have earned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $192.47.

Several equities analysts have commented on the stock. Bank of America decreased their price objective on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Barclays cut their price objective on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Jefferies Financial Group upped their target price on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Wedbush dropped their price target on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Thursday.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Builders FirstSource

Large investors have recently bought and sold shares of the company. Tactive Advisors LLC increased its stake in shares of Builders FirstSource by 12.8% in the first quarter. Tactive Advisors LLC now owns 1,598 shares of the company’s stock valued at $333,000 after buying an additional 181 shares during the period. Boston Partners increased its position in Builders FirstSource by 0.8% in the 1st quarter. Boston Partners now owns 1,377,335 shares of the company’s stock valued at $285,794,000 after acquiring an additional 10,551 shares during the period. Cetera Advisors LLC increased its position in Builders FirstSource by 110.0% in the 1st quarter. Cetera Advisors LLC now owns 7,948 shares of the company’s stock valued at $1,658,000 after acquiring an additional 4,163 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Builders FirstSource by 762.2% during the first quarter. Cetera Investment Advisers now owns 50,982 shares of the company’s stock worth $10,632,000 after purchasing an additional 45,069 shares during the period. Finally, PGGM Investments lifted its holdings in shares of Builders FirstSource by 174.7% during the first quarter. PGGM Investments now owns 48,806 shares of the company’s stock worth $10,178,000 after purchasing an additional 31,039 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Up 0.4 %

Shares of BLDR stock opened at $138.41 on Thursday. Builders FirstSource has a 52-week low of $105.24 and a 52-week high of $214.70. The stock has a market cap of $16.89 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 2.22 and a beta of 2.08. The firm’s 50-day moving average is $162.63 and its 200-day moving average is $175.97. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data 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 company 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 last year, the firm posted $2.96 earnings per share. Sell-side analysts predict that Builders FirstSource will post 12.93 EPS for the current year.

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.