Builders FirstSource (NYSE:BLDR) Stock Rating Lowered by Stephens

Builders FirstSource (NYSE:BLDR) was downgraded by stock analysts at Stephens from an “overweight” rating to an “equal weight” rating in a report released on Tuesday, Marketbeat Ratings reports. They currently have a $137.00 price target on the stock. Stephens’ price objective would indicate a potential upside of 8.09% from the company’s previous close.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $111.00 price target on shares of Builders FirstSource in a research report on Friday, January 9th. Loop Capital lowered their target price on shares of Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. Jefferies Financial Group lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating and cut their target price for the stock from $138.00 to $110.00 in a report on Monday, December 15th. Wells Fargo & Company started coverage on shares of Builders FirstSource in a research report on Monday, November 17th. They set an “equal weight” rating and a $115.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $133.87.

Builders FirstSource Stock Performance

BLDR stock opened at $126.75 on Tuesday. Builders FirstSource has a twelve month low of $94.35 and a twelve month high of $175.12. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03. The company has a market cap of $14.02 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 14.89 and a beta of 1.57. The business’s fifty day moving average is $109.33 and its 200-day moving average is $121.91.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the previous year, the firm earned $3.07 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities research analysts forecast that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Investors Weigh In On Builders FirstSource

A number of hedge funds and other institutional investors have recently made changes to their positions in BLDR. Daiwa Securities Group Inc. boosted its stake in Builders FirstSource by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after purchasing an additional 78 shares during the period. VestGen Advisors LLC lifted its holdings in shares of Builders FirstSource by 4.6% in the second quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock valued at $227,000 after purchasing an additional 86 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Builders FirstSource by 3.1% during the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock worth $354,000 after buying an additional 90 shares during the period. Aprio Wealth Management LLC grew its holdings in shares of Builders FirstSource by 2.7% during the third quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock worth $446,000 after buying an additional 98 shares in the last quarter. Finally, Ramirez Asset Management Inc. grew its holdings in shares of Builders FirstSource by 25.0% during the third quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock worth $61,000 after buying an additional 100 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.