Builders FirstSource’s (BLDR) “Neutral” Rating Reaffirmed at DA Davidson

Builders FirstSource (NYSE:BLDR)‘s stock had its “neutral” rating reissued by investment analysts at DA Davidson in a note issued to investors on Thursday, Benzinga reports. They currently have a $185.00 price target on the stock. DA Davidson’s price objective suggests a potential downside of 11.95% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. B. Riley raised Builders FirstSource from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $128.00 to $177.00 in a research report on Wednesday, December 6th. Barclays boosted their target price on Builders FirstSource from $195.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Oppenheimer boosted their target price on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Wedbush boosted their price target on Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Finally, Truist Financial boosted their price target on Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $186.60.

Builders FirstSource Trading Up 0.2 %

Shares of BLDR stock traded up $0.43 on Thursday, hitting $210.11. 328,049 shares of the company’s stock traded hands, compared to its average volume of 1,238,593. The company’s fifty day simple moving average is $188.96 and its 200 day simple moving average is $155.11. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. Builders FirstSource has a one year low of $84.78 and a one year high of $214.70. The stock has a market capitalization of $25.62 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.25 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.85. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. Equities analysts forecast that Builders FirstSource will post 14.02 EPS for the current year.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the transaction, the director now directly owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Builders FirstSource

Several hedge funds have recently modified their holdings of the company. HighPoint Advisor Group LLC purchased a new stake in Builders FirstSource during the 4th quarter valued at $1,947,000. Grayhawk Investment Strategies Inc. purchased a new stake in Builders FirstSource during the 4th quarter valued at $1,112,000. Vanguard Group Inc. raised its holdings in Builders FirstSource by 15.7% during the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after buying an additional 1,985,297 shares during the period. Virtu Financial LLC raised its holdings in Builders FirstSource by 61.9% during the 4th quarter. Virtu Financial LLC now owns 3,997 shares of the company’s stock valued at $667,000 after buying an additional 1,528 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Builders FirstSource by 65.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 74,036 shares of the company’s stock valued at $12,359,000 after buying an additional 29,177 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.