Brokerages Set Builders FirstSource, Inc. (NYSE:BLDR) Target Price at $208.75

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $205.71.

BLDR has been the topic of a number of research reports. Barclays lowered their price objective on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research report on Thursday. Raymond James began coverage on shares of Builders FirstSource in a report on Friday. They issued an “outperform” rating and a $180.00 price target on the stock. Robert W. Baird increased their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Oppenheimer reiterated an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, Wedbush reissued an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th.

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its stake in Builders FirstSource by 8.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,420 shares of the company’s stock valued at $1,346,000 after buying an additional 746 shares during the period. UMB Bank n.a. raised its holdings in Builders FirstSource by 108.3% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the company’s stock worth $90,000 after buying an additional 327 shares during the period. Diversify Advisory Services LLC lifted its stake in Builders FirstSource by 103.1% in the fourth quarter. Diversify Advisory Services LLC now owns 2,701 shares of the company’s stock valued at $378,000 after buying an additional 1,371 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in Builders FirstSource in the 4th quarter valued at $225,000. Finally, J2 Capital Management Inc acquired a new position in shares of Builders FirstSource during the fourth quarter worth about $583,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 2.1 %

BLDR opened at $164.09 on Monday. The business has a 50 day moving average of $163.99 and a 200-day moving average of $169.79. The stock has a market capitalization of $18.88 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 0.75 and a beta of 2.11. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business earned $4.24 earnings per share. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Builders FirstSource will post 11.55 earnings per share for the current year.

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.