Builders FirstSource, Inc. (NYSE:BLDR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Builders FirstSource, Inc. (NYSE:BLDR) has been given an average rating of “Moderate Buy” by the twenty ratings firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $190.72.

A number of research firms have recently issued reports on BLDR. Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Royal Bank of Canada cut their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Raymond James reaffirmed an “outperform” rating and issued a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Finally, Loop Capital decreased their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in shares of Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after buying an additional 134 shares during the last quarter. Mountain Lake Investment Management LLC lifted its stake in Builders FirstSource by 7.0% in the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock worth $5,201,000 after acquiring an additional 2,367 shares during the period. Fisher Asset Management LLC boosted its holdings in Builders FirstSource by 14.9% in the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock valued at $28,084,000 after acquiring an additional 25,535 shares in the last quarter. Fiera Capital Corp purchased a new position in Builders FirstSource during the 4th quarter valued at $27,089,000. Finally, Lecap Asset Management Ltd. increased its position in Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after purchasing an additional 9,970 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 2.7 %

Shares of Builders FirstSource stock opened at $124.53 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource has a 1 year low of $122.49 and a 1 year high of $210.00. The firm has a market cap of $14.15 billion, a PE ratio of 13.75, a PEG ratio of 0.80 and a beta of 2.19. The company has a 50 day simple moving average of $145.58 and a two-hundred day simple moving average of $164.61.

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, topping analysts’ consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Analysts expect that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

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.