Builders FirstSource (NYSE:BLDR) Stock Picked Up by Analysts at Melius Research

Analysts at Melius Research started coverage on shares of Builders FirstSource (NYSE:BLDR) in a report issued on Tuesday, MarketBeat reports. The brokerage set a “sell” rating and a $52.00 price target on the stock. Melius Research’s price objective suggests a potential downside of 2.93% from the company’s current price.

A number of other equities research analysts have also issued reports on BLDR. Citigroup started coverage on Builders FirstSource in a research report on Friday, August 21st. They issued a “market perform” rating on the stock. Barclays reduced their price target on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. BMO Capital Markets reaffirmed a “market perform” rating and set a $80.00 price target on shares of Builders FirstSource in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Finally, DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and an average target price of $85.45.

Builders FirstSource Price Performance

BLDR stock opened at $53.57 on Tuesday. The stock has a 50-day moving average price of $64.78 and a two-hundred day moving average price of $74.10. The stock has a market cap of $5.76 billion, a PE ratio of 58.87, a price-to-earnings-growth ratio of 1.80 and a beta of 1.45. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource has a 1 year low of $52.98 and a 1 year high of $131.50.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.38 EPS. Equities analysts forecast that Builders FirstSource will post 3.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $700,934,000. Sands Capital Management LLC grew its stake in shares of Builders FirstSource by 13.5% in the fourth quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock valued at $283,767,000 after buying an additional 327,067 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after buying an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Builders FirstSource during the second quarter worth $134,908,000. Finally, Pictet Asset Management Holding SA increased its holdings in Builders FirstSource by 74.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after buying an additional 588,987 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

About Builders FirstSource

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.