Brokerages Set Builders FirstSource, Inc. (NYSE:BLDR) PT at $135.07

Builders FirstSource, Inc. (NYSE:BLDR) has been given a consensus rating of “Hold” by the twenty-four brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $135.0705.

A number of equities research analysts recently issued reports on BLDR shares. Jefferies Financial Group cut shares of Builders FirstSource from a “buy” rating to a “hold” rating and dropped their price target for the company from $138.00 to $110.00 in a research note on Monday, December 15th. Stephens decreased their price objective on shares of Builders FirstSource from $140.00 to $137.00 in a report on Monday, November 3rd. UBS Group lifted their target price on shares of Builders FirstSource from $158.00 to $166.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wedbush reissued a “neutral” rating and set a $145.00 target price on shares of Builders FirstSource in a research note on Monday, September 15th. Finally, Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $104.62 on Monday. The firm has a market cap of $11.57 billion, a PE ratio of 19.93, a P/E/G ratio of 12.71 and a beta of 1.57. 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 business has a 50-day moving average price of $107.13 and a 200 day moving average price of $121.82.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.69 by $0.19. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.Builders FirstSource’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the company earned $3.07 earnings per share. Sell-side analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently made changes to their positions in BLDR. Capital International Investors purchased a new stake in shares of Builders FirstSource during the third quarter worth approximately $429,640,000. Franklin Resources Inc. boosted its stake in Builders FirstSource by 2,498.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock worth $224,861,000 after purchasing an additional 1,783,164 shares during the last quarter. Sands Capital Management LLC boosted its stake in Builders FirstSource by 139.1% during the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after purchasing an additional 1,414,129 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Builders FirstSource by 235.1% during the third quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock worth $229,585,000 after buying an additional 1,328,363 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Builders FirstSource during the second quarter worth $147,994,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Company Profile

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.