Builders FirstSource, Inc. (NASDAQ:BLDR) Given Average Rating of “Buy” by Brokerages

Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) have earned an average recommendation of “Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $27.40.

A number of analysts have issued reports on the company. Benchmark assumed coverage on Builders FirstSource in a research report on Wednesday, February 5th. They issued a “hold” rating on the stock. Zacks Investment Research raised Builders FirstSource from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Friday, February 7th. BTIG Research assumed coverage on Builders FirstSource in a research report on Thursday, December 12th. They issued a “buy” rating and a $31.00 target price on the stock. B. Riley boosted their target price on Builders FirstSource from $23.00 to $29.00 in a research report on Monday, November 4th. Finally, Deutsche Bank assumed coverage on Builders FirstSource in a research report on Wednesday, November 27th. They issued a “buy” rating and a $29.00 target price on the stock.

Institutional investors have recently bought and sold shares of the company. Anderson Fisher LLC purchased a new stake in shares of Builders FirstSource during the fourth quarter worth $26,000. Tower Research Capital LLC TRC purchased a new stake in shares of Builders FirstSource during the third quarter worth $30,000. Point72 Hong Kong Ltd purchased a new stake in shares of Builders FirstSource during the fourth quarter worth $49,000. Steward Partners Investment Advisory LLC increased its position in shares of Builders FirstSource by 112.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company’s stock worth $60,000 after acquiring an additional 1,270 shares during the period. Finally, Advisory Services Network LLC increased its position in shares of Builders FirstSource by 80.0% during the fourth quarter. Advisory Services Network LLC now owns 2,970 shares of the company’s stock worth $75,000 after acquiring an additional 1,320 shares during the period. 88.88% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ BLDR traded down $0.51 on Friday, reaching $27.19. The stock had a trading volume of 1,177,140 shares, compared to its average volume of 1,093,957. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 13.60 and a beta of 1.85. The company has a quick ratio of 0.98, a current ratio of 1.66 and a debt-to-equity ratio of 1.73. Builders FirstSource has a 12-month low of $12.50 and a 12-month high of $27.84. The stock has a fifty day moving average price of $25.96 and a two-hundred day moving average price of $22.97.

Builders FirstSource Company Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.

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Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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