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

Builders FirstSource, Inc. (NYSE:BLDR) has received a consensus rating of “Moderate Buy” from the twenty-one research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $188.63.

Several equities research analysts recently weighed in on BLDR shares. Benchmark decreased their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Royal Bank of Canada lowered their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Raymond James reiterated an “outperform” rating and set a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Barclays decreased their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Finally, Truist Financial reduced their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st.

Builders FirstSource Trading Up 3.2 %

NYSE BLDR opened at $123.69 on Friday. Builders FirstSource has a 52 week low of $114.70 and a 52 week high of $206.02. The firm has a 50 day moving average of $141.46 and a two-hundred day moving average of $162.79. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $14.05 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. As a group, research analysts expect that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its holdings in shares of Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after buying an additional 64 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Builders FirstSource by 3.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after purchasing an additional 64 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in shares of Builders FirstSource by 0.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after purchasing an additional 65 shares during the period. TFB Advisors LLC increased its holdings in shares of Builders FirstSource by 2.1% in the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after purchasing an additional 79 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of Builders FirstSource by 14.6% in the third quarter. Private Trust Co. NA now owns 642 shares of the company’s stock valued at $124,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors 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.