Builders FirstSource, Inc. (NYSE:BLDR) Stock Has Consensus Price Target of $87.27

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have received a consensus recommendation of “Hold” from the twenty-five brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $85.45.

BLDR has been the topic of a number of research reports. Stifel Nicolaus set a $65.00 price objective on Builders FirstSource in a research report on Friday, September 18th. BMO Capital Markets reissued a “market perform” rating and set a $80.00 price target on shares of Builders FirstSource in a research note on Thursday, August 6th. Weiss Ratings cut Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Citizens Jmp initiated coverage on Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st.

Hedge Funds Weigh In On Builders FirstSource

A number of hedge funds have recently modified their holdings of BLDR. BlackRock Inc. bought a new position in Builders FirstSource during the 2nd quarter worth $700,934,000. Dimensional Fund Advisors LP boosted its holdings in Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after acquiring an additional 325,935 shares during the last quarter. Geode Capital Management LLC increased its position in Builders FirstSource by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after purchasing an additional 14,420 shares during the period. Sands Capital Management LLC raised its holdings in Builders FirstSource by 13.5% during the 4th quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock worth $283,767,000 after purchasing an additional 327,067 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in Builders FirstSource during the 2nd quarter worth approximately $134,908,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR stock opened at $56.20 on Wednesday. The company has a 50 day simple moving average of $65.06 and a 200 day simple moving average of $74.31. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 61.75, a P/E/G ratio of 1.78 and a beta of 1.45. Builders FirstSource has a 1 year low of $54.75 and a 1 year high of $131.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

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 analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.38 EPS. Research analysts anticipate that Builders FirstSource will post 3.19 EPS for the current fiscal year.

About Builders FirstSource

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.