Builders FirstSource, Inc. (NYSE:BLDR) Given Average Rating of "Moderate Buy" by Analysts

Shares of Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eighteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $208.75.

Several research firms recently issued reports on BLDR. Robert W. Baird upped their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Jefferies Financial Group boosted their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Wedbush reaffirmed an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Royal Bank of Canada raised their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus reissued a "buy" rating and set a $175.00 target price on shares of Builders FirstSource in a report on Wednesday, January 8th.

Insider Activity at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now owns 33,083 shares of the company's stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Builders FirstSource

A number of large investors have recently added to or reduced their stakes in the business. Mountaineer Partners Management LLC purchased a new position in Builders FirstSource in the 3rd quarter worth about $2,099,877,000. FMR LLC increased its position in shares of Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company's stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Builders FirstSource by 23.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock valued at $282,697,000 after acquiring an additional 277,897 shares during the period. Baillie Gifford & Co. purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $255,867,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $140.14 on Monday. The firm has a 50-day moving average of $166.00 and a two-hundred day moving average of $168.80. 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 has a market cap of $16.13 billion, a P/E ratio of 13.69, a PEG ratio of 0.96 and a beta of 2.11. 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 issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the business earned $4.24 EPS. Builders FirstSource's revenue for the quarter was down 6.7% compared to the same quarter last year. On average, research analysts expect that Builders FirstSource will post 11.55 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.