Builders FirstSource, Inc. (NYSE:BLDR) Receives $190.72 Consensus Price Target from Brokerages

Builders FirstSource, Inc. (NYSE:BLDR) has been assigned an average recommendation of “Moderate Buy” from the twenty research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $190.72.

Several equities research analysts have recently issued reports on the stock. Raymond James restated an “outperform” rating and set a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Truist Financial decreased their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Barclays dropped their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th.

Builders FirstSource Price Performance

BLDR stock opened at $135.75 on Tuesday. Builders FirstSource has a 12-month low of $127.45 and a 12-month high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The company’s fifty day simple moving average is $151.38 and its 200 day simple moving average is $169.08. The firm has a market cap of $15.42 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. On average, analysts expect that Builders FirstSource will post 11.59 earnings per share for the current year.

Institutional Trading of Builders FirstSource

Institutional investors and hedge funds have recently bought and sold shares of the company. Mountaineer Partners Management LLC purchased a new stake in shares of Builders FirstSource during the third quarter valued at approximately $2,099,877,000. FMR LLC raised its stake in shares of Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares during the last quarter. Norges Bank bought a new position in shares of Builders FirstSource during the fourth quarter valued at $199,890,000. Baillie Gifford & Co. bought a new position in shares of Builders FirstSource during the third quarter valued at $267,132,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in Builders FirstSource in the 3rd quarter worth about $255,867,000. 95.53% of the stock is currently owned by institutional investors.

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.