Builders FirstSource (NYSE:BLDR) Hits New 1-Year High at $195.74

Builders FirstSource, Inc. (NYSE:BLDRGet Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as $195.74 and last traded at $195.27, with a volume of 103236 shares. The stock had previously closed at $193.27.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Oppenheimer raised their target price on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Barclays raised their target price on shares of Builders FirstSource from $195.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday. Stephens lowered their target price on shares of Builders FirstSource from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Finally, StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus price target of $181.27.

Get Our Latest Report on Builders FirstSource

Builders FirstSource Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. The business’s fifty day simple moving average is $174.53 and its two-hundred day simple moving average is $146.41. The company has a market cap of $23.61 billion, a PE ratio of 16.11, a PEG ratio of 1.21 and a beta of 2.04.

Insider Buying and Selling at Builders FirstSource

In other news, insider Michael Alan Farmer sold 3,318 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $145.64, for a total transaction of $483,233.52. Following the completion of the sale, the insider now owns 60,660 shares of the company’s stock, valued at $8,834,522.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Builders FirstSource

A number of institutional investors and hedge funds have recently modified their holdings of BLDR. Vanguard Group Inc. increased its stake in shares of Builders FirstSource by 15.7% during the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after purchasing an additional 1,985,297 shares in the last quarter. Alliancebernstein L.P. boosted its position in Builders FirstSource by 182.0% during the second quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock worth $313,486,000 after acquiring an additional 1,487,620 shares during the last quarter. Wellington Management Group LLP boosted its position in Builders FirstSource by 14.8% during the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after acquiring an additional 1,455,580 shares during the last quarter. Norges Bank acquired a new position in Builders FirstSource during the fourth quarter worth about $91,288,000. Finally, BlackRock Inc. boosted its position in Builders FirstSource by 9.6% during the second quarter. BlackRock Inc. now owns 15,031,161 shares of the company’s stock worth $2,044,238,000 after acquiring an additional 1,320,774 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Builders FirstSource Company Profile

(Get Free Report)

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, steel roof 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.

Further Reading

Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.