Raymond James Reiterates “Outperform” Rating for Builders FirstSource (NYSE:BLDR)

Builders FirstSource (NYSE:BLDR)‘s stock had its “outperform” rating reiterated by investment analysts at Raymond James in a research note issued to investors on Friday,Benzinga reports. They currently have a $170.00 price target on the stock, down from their prior price target of $180.00. Raymond James’ price objective suggests a potential upside of 23.96% from the stock’s current price.

Several other equities analysts also recently issued reports on BLDR. DA Davidson upped their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. UBS Group assumed coverage on shares of Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective on the stock. Oppenheimer restated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $196.88.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $137.14 on Friday. The company has a market capitalization of $15.78 billion, a PE ratio of 15.14, a P/E/G ratio of 0.80 and a beta of 2.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The company has a 50-day simple moving average of $154.21 and a two-hundred day simple moving average of $170.63. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Research analysts expect that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds have recently bought and sold shares of BLDR. Mountaineer Partners Management LLC purchased a new stake in Builders FirstSource in the 3rd quarter worth approximately $2,099,877,000. FMR LLC boosted its position in Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares in the last quarter. Norges Bank purchased a new stake in Builders FirstSource in the 4th quarter worth approximately $199,890,000. Baillie Gifford & Co. purchased a new stake in Builders FirstSource in the 3rd quarter worth approximately $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $255,867,000. Hedge funds and other institutional investors 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.