RBC Capital Sticks to Its Buy Rating for Builders Firstsource (BLDR)

In a report released yesterday, Michael Dahl from RBC Capital maintained a Buy rating on Builders Firstsource, with a price target of $110.00.

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According to TipRanks, Dahl is a 5-star analyst with an average return of 9.5% and a 60.72% success rate. Dahl covers the Consumer Cyclical sector, focusing on stocks such as Whirlpool, Tri Pointe, and Mohawk.

In addition to RBC Capital, Builders Firstsource also received a Buy from Goldman Sachs’s Susan Maklari in a report issued on April 13. However, yesterday, Bank of America Securities maintained a Hold rating on Builders Firstsource (NYSE: BLDR).

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 70 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.