Builders FirstSource (NYSE:BLDR) PT Raised to $78.00

Builders FirstSource (NYSE:BLDR – Get Rating) had its price target lifted by research analysts at Royal Bank of Canada from $67.00 to $78.00 in a report issued on Wednesday, The Fly reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential downside of 10.03% from the company’s current price.

Several other equities research analysts have also recently issued reports on BLDR. B. Riley lifted their price objective on shares of Builders FirstSource from $70.00 to $77.00 in a research report on Wednesday. Robert W. Baird lifted their price objective on shares of Builders FirstSource from $80.00 to $96.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays lifted their price objective on shares of Builders FirstSource from $85.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wedbush lifted their price target on shares of Builders FirstSource from $80.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, DA Davidson lifted their price target on shares of Builders FirstSource from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.23.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $86.70 on Wednesday. The stock has a market capitalization of $12.76 billion, a PE ratio of 5.21 and a beta of 1.97. The firm has a 50 day moving average of $74.57 and a two-hundred day moving average of $65.56. Builders FirstSource has a 52 week low of $48.91 and a 52 week high of $87.25. The company has a quick ratio of 1.16, a current ratio of 1.90 and a debt-to-equity ratio of 0.60.

Builders FirstSource (NYSE:BLDR – Get Rating) last released its quarterly earnings data on Tuesday, February 28th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.84. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Builders FirstSource had a net margin of 12.10% and a return on equity of 59.80%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.78 EPS. On average, research analysts predict that Builders FirstSource will post 6.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Goodwin Investment Advisory acquired a new position in Builders FirstSource in the second quarter valued at $27,000. Benjamin Edwards Inc. acquired a new position in Builders FirstSource in the fourth quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new position in Builders FirstSource in the third quarter valued at $36,000. AXS Investments LLC acquired a new position in Builders FirstSource in the fourth quarter valued at $37,000. Finally, Ronald Blue Trust Inc. acquired a new position in Builders FirstSource in the second quarter valued at $42,000. 94.71% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

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Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.