Builders FirstSource's (BLDR) Neutral Rating Reaffirmed at Wedbush

Key Points

• Builders FirstSource has been downgraded by Wedbush from an "outperform" rating to a "neutral" rating, with a new price target of $145.00, indicating a potential upside of just 1.58% from the stock's previous close.
• Several other analysts have also updated their ratings for Builders FirstSource, with Royal Bank Of Canada lowering their price target to $129.00 and Robert W. Baird reducing theirs to $130.00.
• The company's quarterly earnings report showed a net margin decline to 4.74% and revenue decrease of 5.0% year-over-year, while still beating EPS estimates by $0.03.

Builders FirstSource (NYSE:BLDR - Get Free Report)'s stock had its "neutral" rating reissued by equities research analysts at Wedbush in a report issued on Monday, Marketbeat reports. They currently have a $145.00 price objective on the stock. Wedbush's price target suggests a potential upside of 1.58% from the stock's previous close.

BLDR has been the subject of several other reports. Zelman & Associates reaffirmed an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Stifel Nicolaus increased their price target on shares of Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a report on Friday, August 1st. Baird R W downgraded shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of Builders FirstSource from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Finally, DA Davidson cut their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $154.44.

Builders FirstSource Stock Performance

BLDR stock opened at $142.74 on Monday. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 15.12 and a beta of 1.61. The firm has a 50-day simple moving average of $135.07 and a two-hundred day simple moving average of $124.79. Builders FirstSource has a one year low of $102.60 and a one year high of $203.14. 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 (NYSE:BLDR - Get Free Report) 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. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company's quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently added to or reduced their stakes in BLDR. Norges Bank acquired a new stake in Builders FirstSource during the 2nd quarter worth $147,994,000. Brave Warrior Advisors LLC purchased a new stake in Builders FirstSource in the 1st quarter valued at about $155,123,000. Wellington Management Group LLP raised its holdings in Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock valued at $401,948,000 after buying an additional 960,603 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in Builders FirstSource by 957.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock valued at $66,091,000 after buying an additional 478,942 shares during the period. Finally, Voya Investment Management LLC raised its holdings in Builders FirstSource by 29.9% in the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company's stock valued at $229,809,000 after buying an additional 423,891 shares during the period. 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.