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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been given a consensus recommendation of “Moderate Buy” by the twenty-one ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $188.63.

A number of analysts recently commented on the stock. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Wedbush reissued an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. BMO Capital Markets dropped their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research note on Monday, February 24th. Truist Financial reduced their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, The Goldman Sachs Group lowered their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st.

Builders FirstSource Stock Up 4.4 %

BLDR opened at $131.16 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource has a 12 month low of $119.65 and a 12 month high of $210.00. The stock has a market capitalization of $14.90 billion, a P/E ratio of 14.48, a P/E/G ratio of 0.80 and a beta of 2.19. The business has a 50 day simple moving average of $143.29 and a 200-day simple moving average of $163.54.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.90 billion. On average, equities analysts anticipate that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

Hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group purchased a new position in shares of Builders FirstSource during the 3rd quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Builders FirstSource during the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource in the 4th quarter valued at $34,000. Brown Brothers Harriman & Co. acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $46,000. Finally, Avion Wealth increased its holdings in shares of Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after buying an additional 306 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.