Builders FirstSource (NYSE:BLDR) Upgraded to Strong Sell at Vertical Research

Builders FirstSource (NYSE:BLDR) was upgraded by equities researchers at Vertical Research to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently commented on BLDR. Wall Street Zen raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Wedbush reissued a “neutral” rating and set a $145.00 price target on shares of Builders FirstSource in a research note on Monday, September 15th. Stifel Nicolaus increased their price target on shares of Builders FirstSource from $118.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Zelman & Associates reaffirmed an “underperform” rating on shares of Builders FirstSource in a research note on Friday, July 18th. Finally, Barclays reduced their price objective on shares of Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, August 1st. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $145.19.

Builders FirstSource Price Performance

BLDR opened at $122.57 on Monday. Builders FirstSource has a one year low of $102.60 and a one year high of $194.36. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The company’s 50 day simple moving average is $131.90 and its 200-day simple moving average is $124.07. The stock has a market capitalization of $13.55 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 14.07 and a beta of 1.62.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. Builders FirstSource’s revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds have recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its holdings in Builders FirstSource by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after purchasing an additional 78 shares during the period. VestGen Advisors LLC raised its holdings in Builders FirstSource by 4.6% in the second quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock worth $227,000 after purchasing an additional 86 shares during the period. Stephens Inc. AR raised its holdings in Builders FirstSource by 3.1% in the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock worth $354,000 after purchasing an additional 90 shares during the period. Auxano Advisors LLC raised its holdings in Builders FirstSource by 3.8% in the first quarter. Auxano Advisors LLC now owns 2,479 shares of the company’s stock worth $310,000 after purchasing an additional 91 shares during the period. Finally, Mather Group LLC. raised its holdings in Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock worth $74,000 after purchasing an additional 98 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.