Builders FirstSource (NYSE:BLDR) Given “Outperform” Rating at Raymond James

by · The Cerbat Gem

Raymond James restated their outperform rating on shares of Builders FirstSource (NYSE:BLDR – Free Report) in a research report released on Friday,Benzinga reports. They currently have a $170.00 price target on the stock, down from their previous price target of $180.00.

A number of other brokerages have also weighed in on BLDR. Barclays dropped their price target on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, January 8th. Stephens upped their target price on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer reiterated an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $196.88.

Get Our Latest Analysis on BLDR

Builders FirstSource Price Performance

Shares of BLDR stock opened at $137.14 on Friday. The company has a market cap of $15.78 billion, a P/E ratio of 13.39, a PEG ratio of 0.81 and a beta of 2.12. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The stock’s 50-day moving average is $154.21 and its 200 day moving average is $170.52. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Research analysts predict that Builders FirstSource will post 11.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors and hedge funds have recently modified their holdings of BLDR. World Equity Group Inc. grew its holdings in Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after purchasing an additional 64 shares during the period. HighTower Advisors LLC grew its position in shares of Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after purchasing an additional 64 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Builders FirstSource by 3.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock valued at $278,000 after buying an additional 64 shares in the last quarter. Integrated Investment Consultants LLC boosted its holdings in Builders FirstSource by 0.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after buying an additional 65 shares during the last quarter. Finally, TFB Advisors LLC lifted its position in shares of Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

(Get Free Report)

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.

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