Builders FirstSource, Inc. (NYSE:BLDR) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Builders FirstSource, Inc. has received a consensus rating of "Hold" from 20 research firms, with one sell rating, nine hold ratings, and ten buy ratings.
• Institutional investors own 95.53% of Builders FirstSource's stock, with notable purchases made by Norges Bank and Wellington Management Group.
• The company's latest quarterly earnings report showed $2.38 earnings per share, exceeding expectations, though revenue declined 5.0% compared to the previous year.

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) has been assigned a consensus rating of "Hold" from the twenty research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $147.2941.

A number of brokerages recently issued reports on BLDR. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Royal Bank Of Canada cut shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from $132.00 to $129.00 in a research report on Friday, August 1st. DA Davidson reduced their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Robert W. Baird cut shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $145.00 to $130.00 in a research note on Friday, August 1st. Finally, Baird R W downgraded Builders FirstSource from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st.

Institutional Trading of Builders FirstSource

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLDR. Norges Bank acquired a new position in Builders FirstSource in the second quarter valued at $147,994,000. Brave Warrior Advisors LLC bought a new position in shares of Builders FirstSource in the 1st quarter worth about $155,123,000. Wellington Management Group LLP raised its position in shares of Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock worth $401,948,000 after acquiring an additional 960,603 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in Builders FirstSource by 957.1% during the first quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock worth $66,091,000 after purchasing an additional 478,942 shares during the period. Finally, Voya Investment Management LLC grew its stake in Builders FirstSource by 29.9% during the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company's stock worth $229,809,000 after purchasing an additional 423,891 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Up 6.0%

Shares of NYSE:BLDR opened at $127.97 on Wednesday. The company has a fifty day moving average of $133.15 and a 200-day moving average of $124.11. The company has a market capitalization of $14.15 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 13.51 and a beta of 1.62. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. Builders FirstSource has a 52-week low of $102.60 and a 52-week high of $201.53.

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

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.

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