Builders FirstSource, Inc. (NASDAQ:BLDR) has earned a consensus recommendation of “Buy” from the thirteen analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $23.41.
Several research firms have recently weighed in on BLDR. ValuEngine upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, January 31st. Stifel Nicolaus raised their target price on shares of Builders FirstSource from $23.00 to $26.50 and gave the stock a “buy” rating in a report on Monday, January 22nd. Stephens reiterated a “buy” rating and issued a $27.00 target price on shares of Builders FirstSource in a report on Wednesday, January 17th. Finally, Wedbush set a $30.00 target price on shares of Builders FirstSource and gave the stock an “outperform” rating in a report on Friday, January 12th.
Builders FirstSource (NASDAQ:BLDR) traded down $0.27 during trading hours on Tuesday, hitting $19.53. 1,740,400 shares of the stock traded hands, compared to its average volume of 1,362,680. Builders FirstSource has a one year low of $12.12 and a one year high of $23.28. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. The company has a market cap of $2,220.00, a price-to-earnings ratio of 25.87 and a beta of 2.01.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Builders FirstSource in the third quarter worth approximately $110,000. Ameritas Investment Partners Inc. lifted its position in shares of Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after purchasing an additional 1,253 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after purchasing an additional 8,497 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the third quarter worth approximately $147,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Builders FirstSource by 58.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock valued at $163,000 after acquiring an additional 2,766 shares in the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.
About Builders FirstSource
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.
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