Builders FirstSource, Inc. (NYSE:BLDR) Given Average Rating of “Hold” by Brokerages

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been assigned a consensus recommendation of “Hold” from the twenty-five ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $90.3529.

A number of brokerages have recently weighed in on BLDR. KeyCorp reduced their price objective on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Benchmark lowered their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Oppenheimer dropped their target price on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. UBS Group cut their price target on Builders FirstSource from $122.00 to $88.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Wells Fargo & Company decreased their price target on Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, July 31st.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its holdings in Builders FirstSource by 6,687.9% during the second quarter. California State Teachers Retirement System now owns 11,177,842 shares of the company’s stock worth $1,000,193,000 after purchasing an additional 11,013,170 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $700,934,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Builders FirstSource by 99,084.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after buying an additional 2,239,301 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at $134,908,000. Finally, Norges Bank purchased a new position in shares of Builders FirstSource in the 4th quarter valued at $109,269,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $61.54 on Friday. The business has a 50-day simple moving average of $71.56 and a 200-day simple moving average of $79.44. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. Builders FirstSource has a one year low of $61.19 and a one year high of $148.91. The company has a market cap of $6.62 billion, a PE ratio of 67.63, a P/E/G ratio of 2.03 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business earned $2.38 EPS. The firm’s revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts forecast that Builders FirstSource will post 3.15 EPS for the current fiscal year.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.