Builders FirstSource’s (BLDR) Neutral Rating Reaffirmed at Wedbush

Wedbush reaffirmed their neutral rating on shares of Builders FirstSource (NYSE:BLDR) in a research report report published on Monday, MarketBeat Ratings reports. They currently have a $145.00 target price on the stock.

A number of other equities analysts have also weighed in on the stock. Barclays decreased their price target on shares of Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $134.00 price target on shares of Builders FirstSource in a report on Friday, August 1st. Baird R W lowered shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. DA Davidson decreased their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Finally, Stifel Nicolaus lifted their price target on shares of Builders FirstSource from $118.00 to $128.00 and gave the company a “hold” rating in a report on Friday, August 1st. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $154.44.

Builders FirstSource Stock Down 1.8%

BLDR stock opened at $140.23 on Monday. The stock has a market capitalization of $15.50 billion, a P/E ratio of 21.28, a PEG ratio of 15.12 and a beta of 1.61. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. Builders FirstSource has a one year low of $102.60 and a one year high of $203.14. The company has a 50 day moving average price of $135.38 and a two-hundred day moving average price of $124.80.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. Builders FirstSource’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Builders FirstSource by 18.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company’s stock valued at $2,500,000 after buying an additional 3,131 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Builders FirstSource by 42.5% in the 1st quarter. Stephens Inc. AR now owns 2,942 shares of the company’s stock worth $368,000 after acquiring an additional 877 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Builders FirstSource by 41.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company’s stock worth $945,000 after acquiring an additional 2,216 shares during the period. Altus Wealth Group LLC lifted its stake in shares of Builders FirstSource by 11.2% in the 1st quarter. Altus Wealth Group LLC now owns 45,021 shares of the company’s stock worth $5,625,000 after acquiring an additional 4,549 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in shares of Builders FirstSource in the 1st quarter worth approximately $1,012,000. Institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.