Analysts Set Builders FirstSource, Inc. (NYSE:BLDR) Price Target at $90.35

Builders FirstSource, Inc. (NYSE:BLDR) has been assigned a consensus recommendation of “Hold” from the twenty-five brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $90.3529.

A number of brokerages recently commented on BLDR. Benchmark dropped their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. DA Davidson set a $68.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Oppenheimer cut their target price on shares of Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Zacks Research cut shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada lowered their target price on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, July 31st.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System boosted its stake in Builders FirstSource by 6,687.9% during the 2nd quarter. California State Teachers Retirement System now owns 11,177,842 shares of the company’s stock valued at $1,000,193,000 after purchasing an additional 11,013,170 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Builders FirstSource in the second quarter worth $700,934,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Builders FirstSource by 99,084.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after purchasing an additional 2,239,301 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Builders FirstSource during the second quarter valued at $134,908,000. Finally, Norges Bank purchased a new stake in shares of Builders FirstSource during the fourth quarter valued at $109,269,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 0.1%

Shares of NYSE BLDR opened at $65.74 on Friday. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 72.24, a PEG ratio of 2.14 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The firm’s fifty day moving average is $72.56 and its 200 day moving average is $80.16. Builders FirstSource has a 52 week low of $62.31 and a 52 week high of $151.03.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate 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 was down 8.8% on a year-over-year basis. During the same period last year, the company posted $2.38 earnings per share. On average, equities research analysts expect that Builders FirstSource will post 3.15 earnings per share for the current year.

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.