Barclays Boosts Builders FirstSource (NYSE:BLDR) Price Target to $93.00

Builders FirstSource (NYSE:BLDRGet Rating) had its target price upped by Barclays from $86.00 to $93.00 in a report published on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. B. Riley increased their target price on shares of Builders FirstSource from $71.00 to $75.00 in a research report on Tuesday. Stephens cut their price objective on Builders FirstSource from $100.00 to $75.00 and set an overweight rating on the stock in a research report on Thursday, July 28th. BTIG Research lowered Builders FirstSource from a buy rating to a neutral rating in a research report on Tuesday. Bryan, Garnier & Co lowered 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. Finally, Royal Bank of Canada downgraded shares of Builders FirstSource from an outperform rating to a sector perform rating and upped their price objective for the company from $70.00 to $79.00 in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of Moderate Buy and a consensus target price of $89.85.

Builders FirstSource Trading Up 2.6 %

NYSE:BLDR opened at $70.81 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.19 and a current ratio of 2.09. The firm has a market cap of $12.52 billion, a P/E ratio of 4.85 and a beta of 2.18. The firm has a 50-day simple moving average of $61.17 and a 200-day simple moving average of $65.44. Builders FirstSource has a one year low of $46.75 and a one year high of $86.48.

Builders FirstSource (NYSE:BLDRGet Rating) last released its earnings results on Monday, August 1st. The company reported $6.26 earnings per share for the quarter, topping the consensus estimate of $2.91 by $3.35. The company had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $5.55 billion. Builders FirstSource had a net margin of 11.79% and a return on equity of 58.32%. Builders FirstSource’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.76 EPS. Equities analysts anticipate that Builders FirstSource will post 12.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Builders FirstSource news, Director Floyd F. Sherman sold 35,000 shares of the stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $55.09, for a total transaction of $1,928,150.00. Following the sale, the director now owns 13,972 shares of the company’s stock, valued at approximately $769,717.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Builders FirstSource

Hedge funds have recently bought and sold shares of the stock. Raymond James & Associates grew its stake in shares of Builders FirstSource by 2.9% in the fourth quarter. Raymond James & Associates now owns 183,362 shares of the company’s stock valued at $15,716,000 after buying an additional 5,139 shares in the last quarter. National Asset Management Inc. acquired a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $355,000. AE Wealth Management LLC bought a new stake in Builders FirstSource in the first quarter valued at approximately $627,000. AlphaCrest Capital Management LLC boosted its holdings in Builders FirstSource by 244.2% in the fourth quarter. AlphaCrest Capital Management LLC now owns 16,507 shares of the company’s stock valued at $1,415,000 after acquiring an additional 11,711 shares during the last quarter. Finally, Gibson Wealth Advisors LLC bought a new position in shares of Builders FirstSource during the 4th quarter worth approximately $26,000. 99.39% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

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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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