Builders FirstSource’s (BLDR) “Outperform” Rating Reiterated at Wedbush

Builders FirstSource (NYSE:BLDR)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wedbush in a note issued to investors on Tuesday, RTT News reports. They currently have a $215.00 price objective on the stock, down from their previous price objective of $225.00. Wedbush’s target price would indicate a potential upside of 32.02% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Barclays boosted their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Oppenheimer boosted their price objective on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada raised their target price on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. DA Davidson reiterated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Finally, Truist Financial increased their price target on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $199.79.

Builders FirstSource Stock Down 18.9 %

Shares of NYSE:BLDR traded down $38.03 during midday trading on Tuesday, reaching $162.85. The company had a trading volume of 8,057,975 shares, compared to its average volume of 1,324,154. 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. The stock’s fifty day moving average price is $195.69 and its 200-day moving average price is $168.78. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. Builders FirstSource has a one year low of $105.24 and a one year high of $214.70.

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

Insider Buying and Selling

In other news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction dated 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 transaction, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLDR. Team Hewins LLC lifted its holdings in shares of Builders FirstSource by 6.5% during the 1st quarter. Team Hewins LLC now owns 1,313 shares of the company’s stock worth $274,000 after acquiring an additional 80 shares during the period. Private Trust Co. NA boosted its holdings in Builders FirstSource by 30.7% during the fourth quarter. Private Trust Co. NA now owns 345 shares of the company’s stock valued at $58,000 after purchasing an additional 81 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Builders FirstSource by 10.2% during the third quarter. V Square Quantitative Management LLC now owns 915 shares of the company’s stock valued at $114,000 after purchasing an additional 85 shares in the last quarter. Congress Wealth Management LLC DE grew its stake in shares of Builders FirstSource by 1.4% in the 4th quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock valued at $1,035,000 after purchasing an additional 85 shares during the period. Finally, Mezzasalma Advisors LLC raised its holdings in shares of Builders FirstSource by 0.6% in the 3rd quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock worth $1,832,000 after buying an additional 90 shares in the last quarter. 95.53% 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, 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.