KeyCorp Initiates Coverage on Builders FirstSource (NYSE:BLDR)

Analysts at KeyCorp started coverage on shares of Builders FirstSource (NYSE:BLDR) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $145.00 price target on the stock. KeyCorp’s price target indicates a potential upside of 14.27% from the stock’s previous close.

Several other equities analysts have also weighed in on BLDR. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the company an “outperform” rating in a research note on Thursday, July 10th. Wedbush reissued a “neutral” rating and issued a $145.00 target price on shares of Builders FirstSource in a research note on Monday, September 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $134.00 target price on shares of Builders FirstSource in a research note on Friday, August 1st. Wall Street Zen raised Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Robert W. Baird lowered Builders FirstSource from an “outperform” rating to a “neutral” rating and cut their target price for the company from $145.00 to $130.00 in a research note on Friday, August 1st. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $151.50.

Builders FirstSource Trading Up 4.7%

Shares of BLDR opened at $126.90 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. Builders FirstSource has a 12-month low of $102.60 and a 12-month high of $201.53. The firm has a market capitalization of $14.03 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 12.89 and a beta of 1.63. The stock’s fifty day simple moving average is $134.05 and its 200-day simple moving average is $124.26.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the firm posted $3.50 earnings per share. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, research analysts predict that Builders FirstSource will post 11.59 earnings per share for the current year.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds have recently modified their holdings of the business. IMA Advisory Services Inc. acquired a new stake in shares of Builders FirstSource during the first quarter worth about $31,000. CYBER HORNET ETFs LLC bought a new position in shares of Builders FirstSource during the second quarter worth about $38,000. MUFG Securities EMEA plc bought a new position in shares of Builders FirstSource during the second quarter worth about $38,000. Sentry Investment Management LLC bought a new position in shares of Builders FirstSource during the first quarter worth about $40,000. Finally, CX Institutional bought a new position in shares of Builders FirstSource during the first quarter worth about $45,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Company Profile

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.