Benchmark Co. Sticks to Its Buy Rating for Builders Firstsource (BLDR)

Benchmark Co. analyst Reuben Garner maintained a Buy rating on Builders Firstsource (BLDR – Research Report) today and set a price target of $220.00. The company’s shares closed yesterday at $162.62.

Garner covers the Industrials sector, focusing on stocks such as Bluelinx Holdings, Owens Corning, and Quanex. According to TipRanks, Garner has an average return of 27.4% and a 73.68% success rate on recommended stocks.

Builders Firstsource has an analyst consensus of Moderate Buy, with a price target consensus of $207.15, which is a 27.38% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $200.00 price target.

The company has a one-year high of $214.70 and a one-year low of $105.24. Currently, Builders Firstsource has an average volume of 1.39M.

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.