Builders FirstSource (NYSE:BLDR) Shares Down 6.1% - Here's What Happened

Key Points

• Shares of Builders FirstSource fell by 6.1% to $138.85, with trading volume down 52% compared to the average session.
• Research analysts have mixed ratings on Builders FirstSource, with a consensus rating of "Moderate Buy" and an average target price of $154.44.
• For the last quarter, Builders FirstSource reported earnings of $2.38 per share, slightly exceeding analyst expectations, but revenue fell by 5% year-over-year.

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) shares traded down 6.1% during trading on Tuesday . The stock traded as low as $138.56 and last traded at $138.85. 940,648 shares traded hands during trading, a decline of 52% from the average session volume of 1,959,781 shares. The stock had previously closed at $147.89.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Stifel Nicolaus raised their target price 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. Wedbush decreased their price objective on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, June 20th. DA Davidson decreased 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 decreased their price objective for the company from $145.00 to $130.00 in a research note on Friday, August 1st. Finally, Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the company an "outperform" rating in a research note on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Builders FirstSource has a consensus rating of "Moderate Buy" and an average target price of $154.44.

Builders FirstSource Trading Down 4.9%

The business's 50 day simple moving average is $133.82 and its two-hundred day simple moving average is $124.72. The stock has a market cap of $15.55 billion, a P/E ratio of 21.35, a PEG ratio of 15.80 and a beta of 1.61. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results 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. The firm had revenue of $4.23 billion for 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 company's revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Institutional Trading of Builders FirstSource

Several institutional investors have recently modified their holdings of BLDR. Baird Financial Group Inc. grew its stake in shares of Builders FirstSource by 2.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock worth $628,000 after purchasing an additional 98 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Builders FirstSource by 6.2% in the fourth quarter. Cetera Investment Advisers now owns 39,900 shares of the company's stock valued at $5,703,000 after buying an additional 2,342 shares during the period. Deutsche Bank AG lifted its holdings in Builders FirstSource by 11.0% in the fourth quarter. Deutsche Bank AG now owns 604,378 shares of the company's stock valued at $86,384,000 after buying an additional 59,761 shares during the period. Focus Partners Wealth lifted its holdings in Builders FirstSource by 1,040.3% in the fourth quarter. Focus Partners Wealth now owns 21,301 shares of the company's stock valued at $3,045,000 after buying an additional 19,433 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in Builders FirstSource by 44.5% in the fourth quarter. Lazard Asset Management LLC now owns 25,553 shares of the company's stock valued at $3,652,000 after buying an additional 7,869 shares during the period. Institutional investors 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.

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