Builders FirstSource, Inc. (NYSE:BLDR) Receives Average Recommendation of “Hold” from Brokerages

Shares of Builders FirstSource, Inc. (NYSE:BLDRGet Free Report) have been given a consensus recommendation of “Hold” by the twenty-five research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $90.2576.

Several equities research analysts recently commented on BLDR shares. Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Barclays lowered their price objective on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Truist Financial cut their target price on shares of Builders FirstSource from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. DA Davidson set a $68.00 target price on Builders FirstSource in a report on Friday, July 31st. Finally, Zacks Research cut Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd.

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Builders FirstSource Trading Up 2.6%

Shares of BLDR opened at $60.52 on Friday. The business’s 50-day moving average price is $70.56 and its 200 day moving average price is $78.95. The stock has a market capitalization of $6.51 billion, a P/E ratio of 66.50, a P/E/G ratio of 1.91 and a beta of 1.41. Builders FirstSource has a 1-year low of $58.13 and a 1-year high of $145.68. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDRGet Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm posted $2.38 EPS. Builders FirstSource’s quarterly revenue was down 8.8% on a year-over-year basis. Analysts expect that Builders FirstSource will post 3.15 earnings per share for the current year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently bought and sold shares of BLDR. Caitong International Asset Management Co. Ltd increased its holdings in shares of Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares during the period. Sunbelt Securities Inc. grew its position in Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC increased its stake in Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares during the period. Transamerica Financial Advisors LLC increased its stake in Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after buying an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource in the 2nd quarter worth approximately $38,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

(Get Free Report)

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 customers. The company serves customers primarily across the United States through a network of locations and distribution facilities.

Its product offerings include lumber and engineered wood products, windows, doors, siding, roofing, insulation, cabinets, countertops, stairs and other construction materials.

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Analyst Recommendations for Builders FirstSource (NYSE:BLDR)

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