The stock of Builders FirstSource Inc. (NYSE:BLDR) last traded at $148.64, up 1.28% from the previous session.
Data from the available sources indicates that Builders FirstSource Inc. (NYSE:BLDR) is covered by 13 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $188.00 and a low of $96.00, we find $130.00. Given the previous closing price of $146.76, this indicates a potential downside of -11.42 percent. BLDR stock price is now 14.13% away from the 50-day moving average and 63.58% away from the 200-day moving average. The market capitalization of the company currently stands at $18.77B.
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In total, 4 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $137.71 as their price target over the next twelve months.
With the price target enhanced from $78 to $135, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for Builders FirstSource Inc. (NYSE: BLDR).
In other news, Beckmann Jami, Principal Accounting Officer sold 2,000 shares of the company’s stock on Jun 06. The stock was sold for $241,380 at an average price of $120.69. Upon completion of the transaction, the Principal Accounting Officer now directly owns 41,262 shares in the company, valued at $6.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06, Principal Accounting Officer Beckmann Jami sold 2,000 shares of the business’s stock. A total of $241,100 was realized by selling the stock at an average price of $120.55. This leaves the insider owning 18,874 shares of the company worth $2.81 million. Insiders disposed of 172,534 shares of company stock worth roughly $25.65 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BLDR stock. A new stake in Builders FirstSource Inc. shares was purchased by WESTFIELD CAPITAL MANAGEMENT CO LP during the first quarter worth $108,679,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $72,176,000 in shares of BLDR during the first quarter. In the first quarter, LORD, ABBETT & CO. LLC acquired a new stake in Builders FirstSource Inc. valued at approximately $65,787,000. SUMITOMO MITSUI TRUST HOLDINGS, INC. acquired a new stake in BLDR for approximately $53,213,000. BALYASNY ASSET MANAGEMENT L.P. purchased a new stake in BLDR valued at around $41,165,000 in the second quarter.
With an opening price of $156.85 on Wednesday morning, Builders FirstSource Inc. (NYSE: BLDR) set off the trading day. During the past 12 months, Builders FirstSource Inc. has had a low of $52.70 and a high of $149.21. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 1.80, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $22.34B, which is based on a 9.59 price-to-earnings ratio, a 0.51 price-to-earnings-growth ratio, and a beta of 2.02. The fifty day moving average price for BLDR is $130.81 and a two-hundred day moving average price translates $91.30 for the stock.
According to the Building Products & Equipment Company, earnings per share came in at $2.96, beating analysts’ expectations of $1.51 by 1.45. This compares to $3.56 EPS in the same period last year. The net profit margin was 11.70% and return on equity was 48.90% for BLDR. The company reported revenue of $3.88 billion for the quarter, compared to $5.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.65 percent. For the current quarter, analysts expect BLDR to generate $4.16B in revenue.
