Analysts Set Builders FirstSource, Inc. (NYSE:BLDR) Price Target at $136.92

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been given an average rating of “Hold” by the twenty-three brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $136.9163.

BLDR has been the topic of a number of recent analyst reports. DA Davidson cut their price target on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Wedbush reaffirmed a “neutral” rating and set a $145.00 target price on shares of Builders FirstSource in a research note on Monday, September 15th. UBS Group increased their price target on Builders FirstSource from $158.00 to $166.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wall Street Zen upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Barclays reduced their price objective on shares of Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, October 31st.

Builders FirstSource Stock Performance

BLDR stock opened at $110.06 on Thursday. Builders FirstSource has a 1 year low of $94.35 and a 1 year high of $179.93. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 11.77 and a beta of 1.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. The stock’s fifty day moving average is $115.18 and its two-hundred day moving average is $122.54.

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 analysts’ consensus estimates of $1.69 by $0.19. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.07 EPS. On average, research analysts predict that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BLDR. Charles Schwab Investment Management Inc. lifted its stake in shares of Builders FirstSource by 9.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 909,866 shares of the company’s stock valued at $113,679,000 after purchasing an additional 76,368 shares during the last quarter. Farther Finance Advisors LLC increased its position in Builders FirstSource by 148.8% during the second quarter. Farther Finance Advisors LLC now owns 23,873 shares of the company’s stock worth $2,786,000 after buying an additional 14,276 shares during the last quarter. M&G PLC bought a new position in Builders FirstSource during the second quarter valued at about $9,002,000. Cullen Frost Bankers Inc. raised its holdings in Builders FirstSource by 51.7% during the second quarter. Cullen Frost Bankers Inc. now owns 44,561 shares of the company’s stock valued at $5,200,000 after buying an additional 15,185 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new stake in shares of Builders FirstSource in the second quarter worth about $2,482,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.