Wedbush Reiterates Outperform Rating for Builders FirstSource (NYSE:BLDR)

Builders FirstSource (NYSE:BLDR)‘s stock had its “outperform” rating reiterated by research analysts at Wedbush in a report released on Tuesday, RTT News reports. They currently have a $215.00 price target on the stock, down from their prior price target of $225.00. Wedbush’s target price would indicate a potential upside of 31.53% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Jefferies Financial Group raised their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Barclays upped their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Truist Financial raised their price objective on shares of Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $185.00 target price on shares of Builders FirstSource in a research report on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $196.27.

Builders FirstSource Trading Up 0.5 %

NYSE BLDR opened at $163.46 on Tuesday. The company has a market cap of $19.94 billion, a PE ratio of 13.63, a PEG ratio of 1.22 and a beta of 2.08. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. Builders FirstSource has a 12 month low of $105.24 and a 12 month high of $214.70. The stock has a 50 day moving average of $194.49 and a 200-day moving average of $169.12.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.42 by $0.23. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.96 EPS. On average, equities research analysts anticipate that Builders FirstSource will post 13.83 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the sale, the director now directly owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors have recently added to or reduced their stakes in the stock. EdgeRock Capital LLC acquired a new stake in Builders FirstSource in the fourth quarter valued at $25,000. Westside Investment Management Inc. acquired a new stake in shares of Builders FirstSource in the 1st quarter worth about $31,000. ORG Partners LLC bought a new position in shares of Builders FirstSource in the first quarter valued at approximately $33,000. American Capital Advisory LLC bought a new position in Builders FirstSource during the 1st quarter valued at $34,000. Finally, Contravisory Investment Management Inc. bought a new position in shares of Builders FirstSource during the fourth quarter valued at about $28,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

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.