Analysts Set Builders FirstSource, Inc. (NYSE:BLDR) PT at $190.72

Builders FirstSource, Inc. (NYSE:BLDR) has earned an average recommendation of “Moderate Buy” from the twenty brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $190.72.

Several analysts have weighed in on BLDR shares. Benchmark lowered their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Loop Capital reduced their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Stifel Nicolaus dropped their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Wedbush reiterated an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Finally, BMO Capital Markets lowered their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research report on Monday, February 24th.

Hedge Funds Weigh In On Builders FirstSource

Several large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its position in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after purchasing an additional 134 shares during the last quarter. Mountain Lake Investment Management LLC lifted its holdings in shares of Builders FirstSource by 7.0% in the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock worth $5,201,000 after buying an additional 2,367 shares during the period. Fisher Asset Management LLC increased its position in Builders FirstSource by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock valued at $28,084,000 after purchasing an additional 25,535 shares during the period. Fiera Capital Corp purchased a new stake in Builders FirstSource during the fourth quarter worth $27,089,000. Finally, Lecap Asset Management Ltd. boosted its position in Builders FirstSource by 82.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after purchasing an additional 9,970 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $124.96 on Friday. The business has a 50-day simple moving average of $144.80 and a 200 day simple moving average of $164.17. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.80 and a beta of 2.19. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource has a 52 week low of $119.65 and a 52 week high of $210.00.

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

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.