Barclays Remains a Buy on Builders Firstsource (BLDR)

Barclays analyst Matthew Bouley maintained a Buy rating on Builders Firstsource today and set a price target of $114.00.

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Bouley covers the Industrials sector, focusing on stocks such as Fortune Brands Innovations, Advanced Drainage Systems, and Builders Firstsource. According to TipRanks, Bouley has an average return of 13.2% and a 58.16% success rate on recommended stocks.

Currently, the analyst consensus on Builders Firstsource is a Moderate Buy with an average price target of $123.91.

Based on Builders Firstsource’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.36 billion and a net profit of $31.5 million. In comparison, last year the company earned a revenue of $3.82 billion and had a net profit of $190.2 million

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BLDR in relation to earlier this year. Last month, Paul Levy, a Director at BLDR bought 50,000.00 shares for a total of $4,386,500.00.