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

Wedbush restated their outperform rating on shares of Builders FirstSource (NYSE:BLDRGet Rating) in a research report report published on Monday, MarketBeat reports. The brokerage currently has a $110.00 price objective on the stock.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada reduced their target price on shares of Builders FirstSource from $106.00 to $93.00 in a report on Wednesday, May 11th. B. Riley lowered shares of Builders FirstSource from a buy rating to a neutral rating and set a $71.00 target price on the stock. in a report on Wednesday, April 6th. Stephens reduced their target price on shares of Builders FirstSource from $100.00 to $75.00 and set an overweight rating on the stock in a report on Thursday, July 28th. BMO Capital Markets reduced their target price on shares of Builders FirstSource from $96.00 to $90.00 in a report on Tuesday, May 17th. Finally, Barclays dropped their price target on shares of Builders FirstSource from $106.00 to $86.00 and set an overweight rating for the company in a research report on Thursday, July 14th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $90.46.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $73.34 on Monday. The firm’s 50 day simple moving average is $60.72 and its 200 day simple moving average is $65.43. The firm has a market capitalization of $12.96 billion, a PE ratio of 6.52 and a beta of 2.18. Builders FirstSource has a 1-year low of $43.73 and a 1-year high of $86.48. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.66.

Builders FirstSource (NYSE:BLDRGet Rating) last issued its quarterly earnings results on Monday, August 1st. The company reported $6.26 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $3.35. The firm had revenue of $6.93 billion for the quarter, compared to analyst estimates of $5.55 billion. Builders FirstSource had a net margin of 10.24% and a return on equity of 47.82%. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.76 EPS. As a group, analysts expect that Builders FirstSource will post 12.3 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other news, Director Floyd F. Sherman sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $55.09, for a total value of $1,928,150.00. Following the completion of the sale, the director now directly owns 13,972 shares of the company’s stock, valued at approximately $769,717.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates increased its stake in shares of Builders FirstSource by 2.9% in the 4th quarter. Raymond James & Associates now owns 183,362 shares of the company’s stock worth $15,716,000 after acquiring an additional 5,139 shares in the last quarter. National Asset Management Inc. bought a new position in shares of Builders FirstSource in the 4th quarter worth about $355,000. AE Wealth Management LLC bought a new position in shares of Builders FirstSource in the 1st quarter worth about $627,000. AlphaCrest Capital Management LLC increased its stake in shares of Builders FirstSource by 244.2% in the 4th quarter. AlphaCrest Capital Management LLC now owns 16,507 shares of the company’s stock worth $1,415,000 after acquiring an additional 11,711 shares in the last quarter. Finally, Gibson Wealth Advisors LLC bought a new position in shares of Builders FirstSource in the 4th quarter worth about $26,000. 99.39% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Company Profile

(Get Rating)

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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.

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Analyst Recommendations for Builders FirstSource (NYSE:BLDR)

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