Builders FirstSource (NYSE:BLDR) Receives “Outperform” Rating from Wedbush

Builders FirstSource (NYSE:BLDR)‘s stock had its “outperform” rating reissued by research analysts at Wedbush in a research report issued on Tuesday, RTT News reports. They currently have a $175.00 target price on the stock. Wedbush’s target price suggests a potential upside of 12.37% from the stock’s previous close.

A number of other equities analysts also recently weighed in on BLDR. Oppenheimer reiterated an “outperform” rating and issued a $230.00 target price (down previously from $242.00) on shares of Builders FirstSource in a report on Monday, July 29th. Robert W. Baird lowered their price target on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Jefferies Financial Group boosted their price target on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Finally, Bank of America cut Builders FirstSource from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $183.00 to $180.00 in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and an average price target of $188.57.

Builders FirstSource Trading Up 4.1 %

NYSE BLDR traded up $6.08 on Tuesday, hitting $155.73. 3,864,234 shares of the company were exchanged, compared to its average volume of 1,642,937. The company’s 50 day moving average price is $150.23 and its 200-day moving average price is $173.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.45. The firm has a market capitalization of $19.01 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 2.57 and a beta of 2.04. Builders FirstSource has a twelve month low of $105.24 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.23. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.96 EPS. Analysts predict that Builders FirstSource will post 12.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the sale, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the sale, the insider now directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds and other institutional investors have recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new position in shares of Builders FirstSource during the 4th quarter worth approximately $25,000. Innealta Capital LLC acquired a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. acquired a new position in shares of Builders FirstSource during the 4th quarter worth approximately $29,000. Westside Investment Management Inc. acquired a new position in shares of Builders FirstSource during the 1st quarter worth approximately $31,000. Finally, Principal Securities Inc. acquired a new position in shares of Builders FirstSource during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.