Builders FirstSource, Inc. (NYSE:BLDR) Receives $151.88 Consensus Target Price from Brokerages

Key Points

• Builders FirstSource, Inc. received a consensus rating of "Hold" from 19 brokerages, with 1 sell rating, 8 hold ratings, and 10 buy ratings.
• The average 12-month price target for the stock among analysts is $151.88, with various adjustments made by firms like Stifel Nicolaus and DA Davidson.
• During the second quarter, several large investors significantly increased their stakes in Builders FirstSource, leading to institutional investors owning 95.53% of the company's stock.

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) has been assigned an average recommendation of "Hold" from the nineteen analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $151.8824.

BLDR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $134.00 target price on shares of Builders FirstSource in a report on Friday, August 1st. Royal Bank Of Canada cut shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Barclays dropped their target price on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, August 1st. Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the stock an "outperform" rating in a report on Thursday, July 10th. Finally, Baird R W downgraded Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st.

Builders FirstSource Price Performance

BLDR traded down $4.95 on Friday, hitting $123.98. 4,295,090 shares of the stock were exchanged, compared to its average volume of 1,856,763. Builders FirstSource has a 12 month low of $102.60 and a 12 month high of $201.79. The business has a 50-day moving average of $135.18 and a two-hundred day moving average of $124.76. 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 firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 13.15 and a beta of 1.61.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its position in Builders FirstSource by 39.1% during the 4th quarter. Royal Bank of Canada now owns 198,709 shares of the company's stock valued at $28,403,000 after purchasing an additional 55,875 shares during the period. State of Wyoming grew its position in shares of Builders FirstSource by 78.1% during the 4th quarter. State of Wyoming now owns 2,109 shares of the company's stock worth $301,000 after buying an additional 925 shares during the period. Vident Advisory LLC grew its position in shares of Builders FirstSource by 8.2% during the 4th quarter. Vident Advisory LLC now owns 7,201 shares of the company's stock worth $1,029,000 after buying an additional 544 shares during the period. Woodline Partners LP acquired a new stake in shares of Builders FirstSource during the 4th quarter worth approximately $988,000. Finally, Waverly Advisors LLC acquired a new stake in shares of Builders FirstSource during the 4th quarter worth approximately $371,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Company Profile

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.