Builders FirstSource (NYSE:BLDR) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Builders FirstSource (NYSE:BLDR) in a report released on Monday, Marketbeat reports. The firm issued an equal weight rating and a $115.00 price objective on the stock.

Several other equities analysts also recently issued reports on the stock. Robert W. Baird set a $135.00 price target on shares of Builders FirstSource in a research note on Friday, October 31st. Wedbush reaffirmed a “neutral” rating and set a $145.00 target price on shares of Builders FirstSource in a research report on Monday, September 15th. Benchmark lifted their target price on Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Royal Bank Of Canada cut Builders FirstSource from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $132.00 to $129.00 in a research note on Friday, August 1st. Finally, UBS Group raised their price objective on Builders FirstSource from $158.00 to $166.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Builders FirstSource has a consensus rating of “Hold” and a consensus price target of $136.92.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $99.30 on Monday. The business’s 50-day moving average price is $121.79 and its 200-day moving average price is $123.37. Builders FirstSource has a 12 month low of $99.07 and a 12 month high of $194.36. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 12.90 and a beta of 1.60. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12.

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

Institutional Investors Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in Builders FirstSource by 9.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 909,866 shares of the company’s stock worth $113,679,000 after purchasing an additional 76,368 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Builders FirstSource by 148.8% during the second quarter. Farther Finance Advisors LLC now owns 23,873 shares of the company’s stock valued at $2,786,000 after purchasing an additional 14,276 shares during the period. M&G PLC bought a new position in shares of Builders FirstSource during the 2nd quarter worth about $9,002,000. Cullen Frost Bankers Inc. grew its stake in shares of Builders FirstSource by 51.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 44,561 shares of the company’s stock valued at $5,200,000 after buying an additional 15,185 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $2,482,000. 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.