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

Builders FirstSource, Inc. (NYSE:BLDR) has been assigned an average recommendation of “Hold” from the twenty-four research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $87.12.

A number of research firms have recently issued reports on BLDR. UBS Group set a $85.00 target price on shares of Builders FirstSource in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Friday, September 11th. Zacks Research cut shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Weiss Ratings downgraded shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Finally, DA Davidson set a $68.00 price objective on Builders FirstSource in a report on Friday, July 31st.

Institutional Trading of Builders FirstSource

Several institutional investors have recently added to or reduced their stakes in BLDR. Versant Capital Management Inc increased its stake in shares of Builders FirstSource by 67.5% in the third quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock valued at $38,000 after buying an additional 270 shares during the period. Anchor Investment Management LLC raised its holdings in Builders FirstSource by 93.3% during the second quarter. Anchor Investment Management LLC now owns 725 shares of the company’s stock worth $65,000 after buying an additional 350 shares during the last quarter. Cidel Asset Management Inc. raised its holdings in shares of Builders FirstSource by 23.9% in the 2nd quarter. Cidel Asset Management Inc. now owns 3,519 shares of the company’s stock worth $315,000 after acquiring an additional 678 shares during the last quarter. Baird Financial Group Inc. raised its position in Builders FirstSource by 16.9% in the 2nd quarter. Baird Financial Group Inc. now owns 23,947 shares of the company’s stock valued at $2,143,000 after buying an additional 3,459 shares during the last quarter. Finally, GoodHaven Capital Management LLC grew its holdings in shares of Builders FirstSource by 23.4% in the second quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company’s stock valued at $20,469,000 after acquiring an additional 43,330 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

BLDR opened at $56.38 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource has a 12-month low of $54.75 and a 12-month high of $131.50. The business has a 50 day moving average of $65.75 and a 200-day moving average of $74.86. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 61.95, a PEG ratio of 1.84 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last posted 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the firm posted $2.38 earnings per share. The firm’s revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts expect that Builders FirstSource will post 3.19 earnings per share for the current year.

Builders FirstSource Company Profile

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.