Shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Free Report) have earned a consensus recommendation of “Hold” from the twenty-five research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $79.35.
A number of research firms have commented on BLDR. KeyCorp lowered their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Truist Financial cut their price target on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Barclays reduced their price target on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a research note on Friday, July 31st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Builders FirstSource in a report on Monday, October 19th.
Get Our Latest Stock Analysis on Builders FirstSource
Builders FirstSource Stock Up 0.8%
NYSE BLDR opened at $56.65 on Friday. The company has a 50 day moving average of $59.82 and a 200-day moving average of $81.60. Builders FirstSource has a 1-year low of $49.67 and a 1-year high of $131.50.
Builders FirstSource (NYSE:BLDR – Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business posted $2.38 earnings per share. Builders FirstSource’s revenue was down 8.8% compared to the same quarter last year. Sell-side analysts expect that Builders FirstSource will post 3.07 earnings per share for the current year.
Hedge Funds Weigh In On Builders FirstSource
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $700,934,000. Dimensional Fund Advisors LP grew its position in shares of Builders FirstSource by 12.3% in the 1st 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 period. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Builders FirstSource in the 2nd quarter valued at about $134,908,000. Pictet Asset Management Holding SA grew its position in shares of Builders FirstSource by 74.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock valued at $113,478,000 after acquiring an additional 588,987 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of Builders FirstSource during the 2nd quarter worth about $83,832,000. Institutional investors own 95.53% of the company’s stock.
Builders FirstSource Company Profile
Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.
Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.
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