Builders FirstSource (NYSE:BLDR) Coverage Initiated at KeyCorp

Key Points

• KeyCorp has initiated coverage on Builders FirstSource (NYSE:BLDR), assigning it an "overweight" rating.
• The stock currently has a consensus rating of "Moderate Buy" with an average price target of $151.50 following several analysts' evaluations.
• Builders FirstSource reported earnings of $2.38 per share for the last quarter, exceeding estimates, though revenue was down 5% compared to the previous year.

Analysts at KeyCorp began coverage on shares of Builders FirstSource (NYSE:BLDR - Get Free Report) in a research report issued on Tuesday, MarketBeat reports. The firm set an "overweight" rating on the stock.

Several other research firms have also recently issued reports on BLDR. Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Baird R W cut shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. DA Davidson decreased their target price on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Royal Bank Of Canada cut shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $132.00 to $129.00 in a research report on Friday, August 1st. Finally, Barclays decreased their target price on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $151.50.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $121.16 on Tuesday. Builders FirstSource has a 12-month low of $102.60 and a 12-month high of $201.53. The stock has a market capitalization of $13.39 billion, a P/E ratio of 18.39, a P/E/G ratio of 12.71 and a beta of 1.61. The firm's 50-day moving average is $134.21 and its two-hundred day moving average is $124.24. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

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

Institutional Trading of Builders FirstSource

A number of hedge funds have recently made changes to their positions in BLDR. GAMMA Investing LLC grew its position in shares of Builders FirstSource by 20,946.5% during the first quarter. GAMMA Investing LLC now owns 243,508 shares of the company's stock worth $30,424,000 after buying an additional 242,351 shares in the last quarter. Rhumbline Advisers grew its position in shares of Builders FirstSource by 9.4% during the first quarter. Rhumbline Advisers now owns 232,330 shares of the company's stock worth $29,027,000 after buying an additional 19,904 shares in the last quarter. Czech National Bank grew its position in shares of Builders FirstSource by 5.9% during the first quarter. Czech National Bank now owns 26,433 shares of the company's stock worth $3,303,000 after buying an additional 1,480 shares in the last quarter. NBC Securities Inc. grew its position in shares of Builders FirstSource by 124,900.0% during the first quarter. NBC Securities Inc. now owns 1,250 shares of the company's stock worth $156,000 after buying an additional 1,249 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in shares of Builders FirstSource during the first quarter worth approximately $40,000. Hedge funds and other 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.