Builders Firstsource (BLDR) Gets a Buy from Bank of America Securities

Bank of America Securities analyst Rafe Jadrosich maintained a Buy rating on Builders Firstsource (BLDR – Research Report) today. The company’s shares opened today at $178.07.

According to TipRanks, Jadrosich is a 5-star analyst with an average return of 12.9% and a 60.58% success rate. Jadrosich covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, KB Home, and Lennar.

Currently, the analyst consensus on Builders Firstsource is a Moderate Buy with an average price target of $210.92.

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 98 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLDR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.