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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have received an average recommendation of “Hold” from the twenty-three research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $133.9705.

A number of research firms have issued reports on BLDR. Wells Fargo & Company started coverage on Builders FirstSource in a research note on Monday, November 17th. They issued an “equal weight” rating and a $115.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their target price on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Robert W. Baird set a $135.00 price target on shares of Builders FirstSource in a report on Friday, October 31st. DA Davidson dropped their price objective on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Finally, Vertical Research began coverage on shares of Builders FirstSource in a research report on Monday, October 20th. They issued a “sell” rating and a $109.41 price objective on the stock.

Builders FirstSource Price Performance

Shares of BLDR opened at $114.99 on Friday. 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 $12.72 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 14.23 and a beta of 1.57. The stock’s 50-day moving average price is $111.76 and its two-hundred day moving average price is $121.49. Builders FirstSource has a 1 year low of $94.35 and a 1 year high of $173.84.

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

Institutional Investors Weigh In On Builders FirstSource

A number of hedge funds and other institutional investors have recently bought and sold shares of BLDR. Capital International Investors acquired a new position in Builders FirstSource during the 3rd quarter worth approximately $429,640,000. Franklin Resources Inc. boosted its holdings in Builders FirstSource by 2,498.8% during the third 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 grew its position in Builders FirstSource by 139.1% in the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock valued at $294,747,000 after purchasing an additional 1,414,129 shares in the last quarter. Victory Capital Management Inc. lifted its position in Builders FirstSource by 235.1% during the 3rd 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 bought a new stake in Builders FirstSource during the 2nd quarter worth about $147,994,000. 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.