Builders Firstsource (BLDR) Receives a Buy from Truist Financial

In a report released today, Keith Hughes from Truist Financial maintained a Buy rating on Builders Firstsource, with a price target of $115.00.

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According to TipRanks, Hughes is a 5-star analyst with an average return of 16.6% and a 58.44% success rate. Hughes covers the Industrials sector, focusing on stocks such as Fortune Brands Innovations, QXO Inc, and Owens Corning.

In addition to Truist Financial, Builders Firstsource also received a Buy from RBC Capital’s Michael Dahl in a report issued on May 13. However, on May 5, BMO Capital maintained a Hold rating on Builders Firstsource (NYSE: BLDR).

Based on Builders Firstsource’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.29 billion and a GAAP net loss of $47.41 million. In comparison, last year the company earned a revenue of $3.66 billion and had a net profit of $96.3 million

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, David E Rush, a Director at BLDR sold 5,000.00 shares for a total of $390,850.00.