RBC Capital Keeps Their Buy Rating on Builders Firstsource (BLDR)

RBC Capital analyst Michael Dahl maintained a Buy rating on Builders Firstsource (BLDRResearch Report) on June 22 and set a price target of $70.00. The company’s shares closed last Friday at $52.80.

According to, Dahl is a 4-star analyst with an average return of 5.2% and a 53.2% success rate. Dahl covers the Consumer Goods sector, focusing on stocks such as Skyline Champion, Taylor Morrison, and Toll Brothers.

Currently, the analyst consensus on Builders Firstsource is a Strong Buy with an average price target of $89.88.

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Based on Builders Firstsource’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.68 billion and net profit of $640 million. In comparison, last year the company earned revenue of $4.17 billion and had a net profit of $173 million.

Based on the recent corporate insider activity of 74 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.

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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.

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