Builders FirstSource, Inc. (NYSE:BLDR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $190.06.

BLDR has been the subject of a number of analyst reports. Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday. Wedbush upped their price objective on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Royal Bank of Canada upped their price target on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Oppenheimer upped their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, DA Davidson reaffirmed a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research note on Thursday, March 28th.

Builders FirstSource Stock Down 3.0 %

Shares of NYSE:BLDR opened at $176.87 on Friday. The firm has a 50 day simple moving average of $195.30 and a 200-day simple moving average of $162.76. Builders FirstSource has a twelve month low of $90.10 and a twelve month high of $214.70. The company has a market capitalization of $21.57 billion, a PE ratio of 14.75, a P/E/G ratio of 1.09 and a beta of 2.04. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.70 by $0.85. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. On average, equities analysts predict that Builders FirstSource will post 13.84 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its holdings in shares of Builders FirstSource by 18.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock worth $9,515,000 after acquiring an additional 9,122 shares during the period. FCF Advisors LLC lifted its holdings in shares of Builders FirstSource by 81.9% during the 4th quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after acquiring an additional 9,470 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Builders FirstSource by 13.3% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 52,312 shares of the company’s stock worth $6,512,000 after acquiring an additional 6,155 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Builders FirstSource by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock worth $1,578,876,000 after acquiring an additional 96,638 shares during the period. Finally, Czech National Bank purchased a new position in shares of Builders FirstSource during the 4th quarter worth about $3,608,000. 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.