In a report released today, Stanley Elliott from Stifel Nicolaus maintained a Buy rating on Builders Firstsource (BLDR – Research Report), with a price target of $220.00. The company’s shares closed yesterday at $188.37.
Elliott covers the Industrials sector, focusing on stocks such as Agco, Builders Firstsource, and Terex. According to TipRanks, Elliott has an average return of 19.3% and a 69.93% success rate on recommended stocks.
In addition to Stifel Nicolaus, Builders Firstsource also received a Buy from RBC Capital’s Michael Dahl in a report issued yesterday. However, today, Robert W. Baird maintained a Hold rating on Builders Firstsource (NYSE: BLDR).
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Based on Builders Firstsource’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.53 billion and a net profit of $451.46 million. In comparison, last year the company earned a revenue of $5.76 billion and had a net profit of $738.01 million
Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is neutral on the stock.
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Builders Firstsource (BLDR) Company Description:
Builers FirstSource, Inc. engages in the supply and manufacture of building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers. It operates through the following segments: Northeast, Southeast, South, and West. Its products includes factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood. The company was founded by Kevin P. O’Meara, Donald F. McAleenan, and John D. Roach in March 1998 and is headquartered in Dallas, TX.
Read More on BLDR:
- BLDR Earnings: Builders FirstSource Soars on Q4 Beat, $1B Buyback
- Builders Firstsource Launches $1 Billion Stock Buyback Plan
- Builders FirstSource increases stock repurchase plan to $1B
- Builders FirstSource sees FY24 capital expenditures $525M-$575M
- Builders FirstSource reports Q4 adjusted EPS $3.55, consensus $2.54
