Analysts Set Builders FirstSource, Inc. (NYSE:BLDR) PT at $208.75

Builders FirstSource, Inc. (NYSE:BLDR) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $205.71.

Several research analysts have weighed in on BLDR shares. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Stephens increased their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price objective on shares of Builders FirstSource in a report on Wednesday, January 8th. Raymond James initiated coverage on shares of Builders FirstSource in a research report on Friday. They set an “outperform” rating and a $180.00 price target for the company. Finally, Wedbush reissued an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th.

Insiders Place Their Bets

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in shares of Builders FirstSource during the third quarter worth about $28,000. Armstrong Advisory Group Inc. acquired a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new stake in Builders FirstSource during the 3rd quarter worth about $39,000. Brown Brothers Harriman & Co. purchased a new position in Builders FirstSource during the 3rd quarter worth approximately $46,000. Finally, Friedenthal Financial acquired a new stake in Builders FirstSource during the 3rd quarter worth about $50,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Up 2.1 %

BLDR stock opened at $164.09 on Monday. Builders FirstSource has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a market cap of $18.88 billion, a P/E ratio of 16.02, a P/E/G ratio of 0.75 and a beta of 2.11. The company’s 50-day moving average price is $163.99 and its 200 day moving average price is $169.79. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the business posted $4.24 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. On average, research analysts expect that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

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.