Builders FirstSource, Inc. (NYSE:BLDR – Get Free Report) has been given an average rating of “Moderate Buy” by the sixteen research firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $169.53.
Several analysts have recently issued reports on the stock. Truist Financial lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating and upped their target price for the stock from $165.00 to $185.00 in a research note on Thursday, January 4th. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Oppenheimer assumed coverage on shares of Builders FirstSource in a report on Friday, January 19th. They issued an “outperform” rating and a $220.00 price target on the stock. B. Riley raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $128.00 to $177.00 in a report on Wednesday, December 6th. Finally, Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, November 29th.
Builders FirstSource Stock Performance
Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.19. Builders FirstSource had a net margin of 9.10% and a return on equity of 41.27%. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.88 billion. During the same quarter in the previous year, the business posted $5.20 EPS. Builders FirstSource’s quarterly revenue was down 21.3% on a year-over-year basis. Analysts forecast that Builders FirstSource will post 13.79 EPS for the current fiscal year.
In other news, insider Michael Alan Farmer sold 3,318 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $145.64, for a total transaction of $483,233.52. Following the sale, the insider now directly owns 60,660 shares in the company, valued at $8,834,522.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.90% of the company’s stock.
Institutional Investors Weigh In On Builders FirstSource
Several hedge funds and other institutional investors have recently modified their holdings of BLDR. Contravisory Investment Management Inc. bought a new position in shares of Builders FirstSource in the fourth quarter worth approximately $28,000. Rakuten Securities Inc. bought a new position in shares of Builders FirstSource in the fourth quarter worth approximately $29,000. Rock Creek Group LP bought a new position in shares of Builders FirstSource in the third quarter worth approximately $30,000. BluePath Capital Management LLC bought a new position in shares of Builders FirstSource in the third quarter worth approximately $31,000. Finally, Raleigh Capital Management Inc. increased its position in shares of Builders FirstSource by 134.0% in the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after purchasing an additional 142 shares during the last quarter. 94.73% of the stock is currently owned by 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, steel roof 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.
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