Analysts Set Builders FirstSource, Inc. (NYSE:BLDR) PT at $186.84

Builders FirstSource, Inc. (NYSE:BLDR) has been given an average rating of “Moderate Buy” by the twenty-one research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $186.84.

BLDR has been the subject of several research reports. Loop Capital lowered their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada cut their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Benchmark lowered their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock worth $1,557,703,000 after purchasing an additional 740,214 shares during the period. Invesco Ltd. grew its stake in Builders FirstSource by 1.2% during the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock valued at $322,105,000 after acquiring an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Builders FirstSource by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company’s stock valued at $319,898,000 after acquiring an additional 77,666 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in Builders FirstSource by 47.2% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after acquiring an additional 623,583 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in Builders FirstSource by 20.7% during the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after purchasing an additional 285,458 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Up 0.4 %

Shares of BLDR stock opened at $121.40 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The company has a 50 day simple moving average of $127.18 and a two-hundred day simple moving average of $154.08. The stock has a market cap of $13.81 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.80 and a beta of 1.99. Builders FirstSource has a 12 month low of $110.84 and a 12 month high of $203.14.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. On average, research analysts expect that Builders FirstSource will post 11.59 earnings per share for the current 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.