Builders FirstSource’s (BLDR) “Neutral” Rating Reaffirmed at DA Davidson

Builders FirstSource (NYSE:BLDR)‘s stock had its “neutral” rating reaffirmed by analysts at DA Davidson in a report released on Thursday, Benzinga reports. They currently have a $185.00 price target on the stock. DA Davidson’s price target would indicate a potential downside of 11.95% from the stock’s previous close.

BLDR has been the subject of several other research reports. Wedbush upped their price objective on Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 12th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Royal Bank of Canada lifted their price objective on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. BMO Capital Markets lifted their price objective on Builders FirstSource from $135.00 to $150.00 and gave the stock a “market perform” rating in a report on Thursday, December 7th. Finally, Barclays lifted their price objective on Builders FirstSource from $195.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and an average target price of $186.60.

Builders FirstSource Stock Performance

BLDR stock traded up $0.43 during trading on Thursday, reaching $210.11. 328,049 shares of the company’s stock were exchanged, compared to its average volume of 1,238,593. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. Builders FirstSource has a 1-year low of $84.78 and a 1-year high of $214.70. The company’s fifty day moving average price is $188.96 and its 200-day moving average price is $155.11. The firm has a market cap of $25.62 billion, a PE ratio of 17.51, a P/E/G ratio of 1.25 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. On average, research analysts expect that Builders FirstSource will post 14.02 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 Builders FirstSource stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently made changes to their positions in BLDR. Vanguard Group Inc. increased its stake 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 valued at $2,448,684,000 after buying an additional 1,985,297 shares during the period. Alliancebernstein L.P. increased its stake in shares of Builders FirstSource by 182.0% in the 2nd quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock valued at $313,486,000 after buying an additional 1,487,620 shares during the period. Wellington Management Group LLP increased its stake in shares of Builders FirstSource by 14.8% in the 1st quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock valued at $727,819,000 after buying an additional 1,455,580 shares during the period. Norges Bank acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at $91,288,000. Finally, BlackRock Inc. increased its stake in shares of Builders FirstSource by 9.6% in the 2nd quarter. BlackRock Inc. now owns 15,031,161 shares of the company’s stock valued at $2,044,238,000 after buying an additional 1,320,774 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

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.