Builders FirstSource (NYSE:BLDR) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Builders FirstSource has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment regarding the stock.
• Raymond James Financial and Wedbush have adjusted their target prices for Builders FirstSource to $140.00 and $145.00 respectively, signaling varying levels of optimism about the company's stock performance.
• After reporting earnings that narrowly beat estimates, Builders FirstSource showed a revenue decline of 5.0% year-over-year, indicating some challenges ahead despite positive earnings per share results.

Builders FirstSource (NYSE:BLDR - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

BLDR has been the topic of several other reports. Royal Bank Of Canada downgraded shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $132.00 to $129.00 in a report on Friday, August 1st. Zelman & Associates reaffirmed an "underperform" rating on shares of Builders FirstSource in a research note on Friday, July 18th. Baird R W downgraded Builders FirstSource from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Wedbush dropped their price objective on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, June 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $134.00 price objective on shares of Builders FirstSource in a research report on Friday, August 1st. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $154.44.

Builders FirstSource Trading Up 5.1%

NYSE:BLDR traded up $6.96 during midday trading on Friday, hitting $143.29. 1,743,952 shares of the company traded hands, compared to its average volume of 1,855,426. The firm has a market capitalization of $15.84 billion, a P/E ratio of 21.74, a P/E/G ratio of 14.44 and a beta of 1.61. The firm's fifty day moving average is $132.56 and its 200-day moving average is $124.91. Builders FirstSource has a 12-month low of $102.60 and a 12-month high of $203.14. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.38 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 during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the firm earned $3.50 earnings per share. 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, sell-side analysts predict that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors and hedge funds have recently bought and sold shares of BLDR. IMA Advisory Services Inc. bought a new position in shares of Builders FirstSource during the 1st quarter worth $31,000. CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource in the second quarter worth about $38,000. MUFG Securities EMEA plc purchased a new stake in Builders FirstSource in the second quarter worth about $38,000. Sentry Investment Management LLC bought a new position in Builders FirstSource during the 1st quarter worth about $40,000. Finally, CX Institutional purchased a new position in Builders FirstSource during the 1st quarter valued at about $45,000. 95.53% of the stock is owned by institutional investors.

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.