Builders FirstSource (NYSE:BLDR) Given “Outperform” Rating at Raymond James

Builders FirstSource (NYSE:BLDR)‘s stock had its “outperform” rating reissued by investment analysts at Raymond James in a report issued on Friday,Benzinga reports. They currently have a $170.00 target price on the stock, down from their prior target price of $180.00. Raymond James’ price objective would indicate a potential upside of 24.27% from the company’s previous close.

BLDR has been the subject of several other reports. Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. DA Davidson upped their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price target on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.12.

Builders FirstSource Stock Down 5.3 %

BLDR stock traded down $7.60 during trading on Friday, reaching $136.79. 570,123 shares of the company traded hands, compared to its average volume of 1,566,398. The business has a 50 day simple moving average of $154.79 and a 200 day simple moving average of $170.61. The company has a market capitalization of $15.74 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 0.81 and a beta of 2.12. Builders FirstSource has a 12 month low of $130.75 and a 12 month high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. On average, equities research analysts anticipate that Builders FirstSource will post 11.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp increased its position in Builders FirstSource by 35.2% in the 4th quarter. Mackenzie Financial Corp now owns 14,002 shares of the company’s stock worth $2,001,000 after purchasing an additional 3,647 shares during the last quarter. Toronto Dominion Bank lifted its stake in Builders FirstSource by 13.0% in the fourth quarter. Toronto Dominion Bank now owns 44,898 shares of the company’s stock valued at $6,417,000 after acquiring an additional 5,170 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at $2,914,000. GTS Securities LLC lifted its holdings in Builders FirstSource by 136.5% in the 4th quarter. GTS Securities LLC now owns 2,577 shares of the company’s stock worth $368,000 after purchasing an additional 9,639 shares during the last quarter. Finally, Vise Technologies Inc. grew its holdings in Builders FirstSource by 112.7% during the fourth quarter. Vise Technologies Inc. now owns 17,349 shares of the company’s stock valued at $2,480,000 after purchasing an additional 9,192 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other 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.