Builders FirstSource (NYSE:BLDR) Now Covered by William Blair

William Blair initiated coverage on shares of Builders FirstSource (NYSE:BLDR) in a report issued on Thursday, Marketbeat.com reports. The brokerage issued an outperform rating on the stock.

Other analysts have also issued reports about the company. Robert W. Baird dropped their target price on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Wells Fargo & Company upped their price objective on Builders FirstSource from $115.00 to $120.00 and gave the stock a “cautious” rating in a research report on Wednesday, February 11th. Stifel Nicolaus decreased their target price on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a research report on Monday. Finally, Barclays cut their price objective on shares of Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and an average target price of $127.39.

Builders FirstSource Stock Up 1.9%

NYSE:BLDR opened at $104.55 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. The company’s fifty day moving average price is $114.86 and its 200-day moving average price is $119.55. Builders FirstSource has a 1-year low of $94.35 and a 1-year high of $151.03. The firm has a market capitalization of $11.56 billion, a P/E ratio of 26.95, a PEG ratio of 2.51 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.46 billion. Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 earnings per share. As a group, equities research analysts anticipate that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. boosted its holdings 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 buying an additional 78 shares during the last quarter. VestGen Advisors LLC lifted its position 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 acquiring an additional 86 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in shares of Builders FirstSource by 2.7% in the third quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock worth $446,000 after acquiring an additional 98 shares during the last quarter. Ramirez Asset Management Inc. increased its position 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 purchasing an additional 100 shares in the last quarter. Finally, New Mexico Educational Retirement Board raised its stake in Builders FirstSource by 2.0% in the 4th quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock valued at $525,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.