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

Builders FirstSource, Inc. (NYSE:BLDR) has received an average rating of “Hold” from the twenty-two analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $127.39.

A number of research firms have recently commented on BLDR. Benchmark cut their target price on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating for the company in a research note on Friday. Barclays cut their price objective on Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating for the company in a research note on Friday. Royal Bank Of Canada restated a “sector perform” rating and issued a $111.00 target price on shares of Builders FirstSource in a research report on Friday, January 9th. Stephens dropped their price target on Builders FirstSource from $137.00 to $125.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company increased their price objective on Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a research note on Wednesday, February 11th.

Builders FirstSource Stock Down 2.9%

Shares of BLDR opened at $107.32 on Tuesday. The firm has a market cap of $11.87 billion, a P/E ratio of 27.66, a PEG ratio of 1.77 and a beta of 1.56. Builders FirstSource has a 12 month low of $94.35 and a 12 month high of $151.03. The stock’s 50 day moving average is $114.75 and its two-hundred day moving average is $119.93. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter last year, the business earned $2.31 EPS. The company’s quarterly revenue was down 12.1% on a year-over-year basis. Analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp lifted its position in Builders FirstSource by 2.3% during the fourth quarter. State Street Corp now owns 5,108,120 shares of the company’s stock worth $525,574,000 after buying an additional 115,857 shares in the last quarter. Capital International Investors purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $429,640,000. Wellington Management Group LLP boosted its position in shares of Builders FirstSource by 2.3% during the 4th quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock valued at $341,265,000 after acquiring an additional 73,835 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Builders FirstSource by 0.5% in the fourth 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. Finally, Sands Capital Management LLC increased its position in Builders FirstSource by 13.5% during the fourth 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. 95.53% of the stock is currently owned by institutional investors and hedge funds.

About Builders FirstSource

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.