Builders FirstSource (NYSE:BLDR) PT Raised to $237.00 at Jefferies Financial Group

Builders FirstSource (NYSE:BLDR) had its price objective hoisted by investment analysts at Jefferies Financial Group from $226.00 to $237.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 34.00% from the stock’s previous close.

Several other equities research analysts also recently weighed in on BLDR. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Wedbush boosted their target price on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. DA Davidson restated a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a report on Thursday, March 28th. Oppenheimer lifted their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Truist Financial upped their target price on shares of Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $190.06.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $176.87 on Thursday. The firm has a market capitalization of $21.57 billion, a PE ratio of 14.75, a PEG ratio of 1.09 and a beta of 2.04. The stock’s fifty day moving average is $195.30 and its 200 day moving average is $162.76. Builders FirstSource has a fifty-two week low of $90.10 and a fifty-two week high of $214.70. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.85. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. On average, sell-side analysts anticipate that Builders FirstSource will post 13.84 earnings per share for the current year.

Insider Buying and Selling

In other Builders FirstSource 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 owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Builders FirstSource

A number of hedge funds and other institutional investors have recently bought and sold shares of BLDR. Vanguard Group Inc. lifted its holdings in shares of Builders FirstSource by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock valued at $1,124,428,000 after purchasing an additional 86,484 shares during the last quarter. Wellington Management Group LLP raised its stake in Builders FirstSource by 14.8% in the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock valued at $727,819,000 after buying an additional 1,455,580 shares during the last quarter. State Street Corp boosted its holdings in Builders FirstSource by 0.4% in the first quarter. State Street Corp now owns 4,552,723 shares of the company’s stock worth $404,191,000 after acquiring an additional 17,357 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Builders FirstSource by 182.0% during the second quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock worth $313,486,000 after acquiring an additional 1,487,620 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Builders FirstSource by 1.7% during the first quarter. Geode Capital Management LLC now owns 2,138,839 shares of the company’s stock valued at $190,771,000 after acquiring an additional 35,562 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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.