Brokerages Set Builders FirstSource, Inc. (NYSE:BLDR) Price Target at $191.67

Builders FirstSource, Inc. (NYSE:BLDR) has been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $191.67.

A number of equities research analysts have weighed in on the company. Jefferies Financial Group raised their price objective on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Wedbush decreased their target price on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Bank of America decreased their target price on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, Truist Financial decreased their target price on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th.

Insider Buying and Selling

In related news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction that occurred on 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 owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource 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 transaction, the insider now directly owns 22,667 shares in the company, valued at approximately $3,855,883.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction 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 transaction, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds have recently modified their holdings of BLDR. Vanguard Group Inc. grew its holdings in shares of Builders FirstSource by 15.7% in the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after acquiring an additional 1,985,297 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Builders FirstSource by 11.2% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,416,611 shares of the company’s stock worth $236,489,000 after acquiring an additional 143,041 shares during the last quarter. Boston Partners grew its holdings in shares of Builders FirstSource by 0.8% in the 1st quarter. Boston Partners now owns 1,377,335 shares of the company’s stock worth $285,794,000 after acquiring an additional 10,551 shares during the last quarter. Norges Bank acquired a new position in shares of Builders FirstSource in the 4th quarter worth $212,209,000. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Builders FirstSource by 34.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock valued at $189,268,000 after buying an additional 292,966 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

BLDR stock opened at $167.49 on Monday. 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 has a 1 year low of $105.24 and a 1 year high of $214.70. The firm has a market cap of $20.44 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 2.69 and a beta of 2.04. The stock has a 50-day simple moving average of $150.75 and a 200-day simple moving average of $173.85.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the firm earned $2.96 EPS. Builders FirstSource’s quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts predict that Builders FirstSource will post 12.93 earnings per share for the current fiscal 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.