BMO Capital Markets Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its target price lowered by research analysts at BMO Capital Markets from $130.00 to $123.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. BMO Capital Markets’ target price indicates a potential upside of 10.25% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, October 8th. Royal Bank Of Canada downgraded Builders FirstSource from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $132.00 to $129.00 in a research report on Friday, August 1st. Vertical Research initiated coverage on Builders FirstSource in a report on Monday, October 20th. They set a “sell” rating and a $109.41 price objective on the stock. Baird R W cut Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Wedbush reissued a “neutral” rating and issued a $145.00 price target on shares of Builders FirstSource in a report on Monday, September 15th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $144.52.

Builders FirstSource Price Performance

NYSE BLDR opened at $111.57 on Wednesday. The company has a market cap of $12.33 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 12.90 and a beta of 1.62. Builders FirstSource has a 52 week low of $102.60 and a 52 week high of $194.36. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The firm’s 50-day simple moving average is $129.93 and its two-hundred day simple moving average is $124.11.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.69 by $0.19. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company’s revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Research analysts predict that Builders FirstSource will post 11.59 earnings per share for the current year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors and hedge funds have recently bought and sold shares of BLDR. Norges Bank purchased a new stake in Builders FirstSource in the second quarter valued at approximately $147,994,000. Brave Warrior Advisors LLC purchased a new stake in shares of Builders FirstSource during the 1st quarter valued at $155,123,000. Wellington Management Group LLP raised its position in shares of Builders FirstSource by 42.6% during the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after buying an additional 960,603 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Builders FirstSource by 957.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company’s stock valued at $66,091,000 after buying an additional 478,942 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Builders FirstSource by 29.9% during the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after buying an additional 423,891 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.