Builders FirstSource (NYSE: BLDR – Get Rating) The price target was raised by Trust Financial from $78.00 to $85.00 in a research note released Tuesday morning, Benzinga reports. They currently have a buy rating for the stock.
Several other research firms have recently influenced BLDR. BMO Capital Markets lowered its price target on Builders FirstSource from $96.00 to $90.00 in a research report on Tuesday, May 17th. Stephens lowered the price target on Builders FirstSource from $100.00 to $75.00 and identified an overweight rating for the company in a research report on Thursday, July 28. BTIG Research cut Builders FirstSource from a buy rating to a neutral rating in a research report on Tuesday. Royal Bank of Canada downgraded FirstSource Builders from an outperformance rating to a sector performance rating and boosted its share price target from $70.00 to $79.00 in a research report on Tuesday. Finally, B. Riley boosted its price target on Builders FirstSource from $71.00 to $75.00 in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, while ten have assigned a buy rating to the stock. Based on MarketBeat data, the company has an average buy rating of Moderate and a consensus target price of $89.85.
Builders’ first source price performance
NYSE Stock: BLDR opened at $70.81 on Tuesday. Builders FirstSource has a 52-week low at $46.75 and a 52-week high at $86.48. The business has a 50-day moving average of $61.17 and a 200-day moving average of $65.44. The stock has a market capitalization of $12.52 billion, a price-earnings ratio of 4.85 and a beta version of 2.18. The company has a debt-to-equity ratio of 0.69, a trading ratio of 2.09 and a speed ratio of 1.19.
Builders FirstSource (NYSE: BLDR – Get Rating) last announced its quarterly earnings results on Monday, August 1st. The company reported earnings of $6.26 per share for the quarter, topping analysts’ estimates of $2.91 by $3.35. Builders FirstSource had a return on equity of 58.32% and a net margin of 11.79%. The company’s revenue was $6.93 billion during the quarter, compared to analyst expectations of $5.55 billion. During the same quarter in the previous year, the company posted earnings of $2.76 per share. Business quarterly revenue increased 24.2% compared to the same quarter last year. On average, equity research analysts expect Builders FirstSource to post 12.3 EPS for the current fiscal year.
In other news, director Floyd F. Sherman sold 35,000 shares of the company’s stock in a transaction that took place on Tuesday, June 14. The stock sold for an average price of $55.09, with a total value of $1,928,150.00. After the sale, the director now directly owns 13,972 shares in the company, valued at approximately $769,717.48. The deal was disclosed in a file with the Securities and Exchange Commission, which is available on the Saudi Electricity Company’s website. Corporate insiders own 1.40% of the company’s shares.
Institutional investors weigh in on FirstSource builders
Several large investors have recently modified their holdings of stocks. Financial Management Professionals Inc. has grown. its position in Builders FirstSource by 2,200.0% during the first quarter. Financial Management Professionals Inc. owns. Now 391 shares of the company’s stock are valued at $25,000 after acquiring an additional 374 shares during the last quarter. Gibson Wealth Advisors LLC purchased a new stake in Builders FirstSource during the fourth quarter valued at approximately $26,000. Signaturefd LLC grew its position in Builders FirstSource by 101.6% during the first quarter. Signaturefd LLC now owns 496 shares of the company’s stock valued at $32,000 after acquiring an additional 250 shares during the last quarter. CWM LLC grew its position in Builders FirstSource by 265.2% during the first quarter. CWM LLC now owns 577 shares of the company’s stock valued at $37,000 after acquiring an additional 419 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in Builders FirstSource by 70.4% during the fourth quarter. Fifth Third Bancorp now owns 455 shares of the company’s stock, valued at $39,000, after it acquired an additional 188 shares during the last quarter. 99.39% of the shares are currently owned by institutional investors.
About FirstSource Builders
Builders FirstSource, Inc., along with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional home builders, subcontractors, remodelers and consumers in the United States. They offer wood and chipboard products that include dimensional lumber, plywood, and oriented strand board products that are used for house framing on site; Manufactured products, such as floor trusses and wood decks, steel roof trusses, wall panels, stairs, and engineered wood products; and windows and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.
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