Builders FirstSource, Inc. (NYSE:BLDR) Given Consensus Rating of “Hold” by Brokerages

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been given a consensus rating of “Hold” by the twenty-three research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $133.8705.

A number of equities research analysts have recently issued reports on BLDR shares. Jefferies Financial Group downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating and reduced their price target for the company from $138.00 to $110.00 in a research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft cut their target price on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Robert W. Baird set a $135.00 price target on Builders FirstSource in a research report on Friday, October 31st. Vertical Research initiated coverage on Builders FirstSource in a research note on Monday, October 20th. They issued a “sell” rating and a $109.41 price objective for the company. Finally, UBS Group decreased their target price on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BLDR. Integrated Wealth Concepts LLC increased its stake in Builders FirstSource by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after buying an additional 295 shares during the period. Woodline Partners LP grew its stake in shares of Builders FirstSource by 40.7% in the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after acquiring an additional 2,812 shares in the last quarter. CX Institutional increased its position in shares of Builders FirstSource by 129.7% during the second quarter. CX Institutional now owns 827 shares of the company’s stock worth $97,000 after acquiring an additional 467 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Builders FirstSource during the second quarter worth $750,000. Finally, Fifth Third Bancorp raised its stake in shares of Builders FirstSource by 21.8% in the second quarter. Fifth Third Bancorp now owns 2,110 shares of the company’s stock valued at $246,000 after acquiring an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $125.53 on Friday. The stock has a fifty day simple moving average of $109.76 and a 200-day simple moving average of $121.93. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The stock has a market cap of $13.88 billion, a PE ratio of 23.91, a P/E/G ratio of 15.41 and a beta of 1.57. Builders FirstSource has a twelve month low of $94.35 and a twelve month high of $175.12.

Builders FirstSource (NYSE:BLDR) last issued 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. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. Builders FirstSource’s revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.07 EPS. Equities analysts anticipate that Builders FirstSource will post 11.59 earnings per share for the current year.

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.