Builders FirstSource (NYSE:BLDR) Receives “Outperform” Rating from Wedbush

Wedbush reissued their outperform rating on shares of Builders FirstSource (NYSE:BLDR) in a research report report published on Tuesday, RTT News reports. Wedbush currently has a $215.00 target price on the stock, down from their prior target price of $225.00.

BLDR has been the subject of several other research reports. Oppenheimer raised their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an outperform rating in a research note on Friday, February 23rd. Jefferies Financial Group lifted their target price on Builders FirstSource from $226.00 to $237.00 and gave the stock a buy rating in a research report on Thursday, April 18th. Barclays raised their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an overweight rating in a research note on Thursday, April 4th. StockNews.com raised shares of Builders FirstSource from a hold rating to a buy rating in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada raised their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an outperform rating in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of Moderate Buy and an average target price of $199.79.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $162.85 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. Builders FirstSource has a 52 week low of $105.24 and a 52 week high of $214.70. The firm has a fifty day simple moving average of $195.08 and a two-hundred day simple moving average of $169.16. The stock has a market capitalization of $19.86 billion, a P/E ratio of 13.58, a PEG ratio of 1.22 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.01 billion. On average, analysts expect that Builders FirstSource will post 13.83 earnings per share for the current fiscal year.

Insider Activity

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’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 sale, the director now directly owns 28,738 shares of the company’s stock, valued at $5,747,600. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its stake in shares of Builders FirstSource by 6.8% in the third quarter. Commonwealth Equity Services LLC now owns 18,612 shares of the company’s stock worth $2,317,000 after acquiring an additional 1,189 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Builders FirstSource by 28.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,717 shares of the company’s stock valued at $1,210,000 after acquiring an additional 2,139 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Builders FirstSource by 47.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 81,353 shares of the company’s stock worth $10,128,000 after purchasing an additional 26,166 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Builders FirstSource by 68.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,207 shares of the company’s stock worth $14,591,000 after purchasing an additional 47,701 shares during the last quarter. Finally, BluePath Capital Management LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.