Builders FirstSource, Inc. (BLDR) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst consensus is “Hold” among 24 brokerages, with 14 hold, 8 buy and 2 sell ratings. The average 12-month price target is $82.25, though several firms recently lowered targets or downgraded their ratings.
• Institutional investors own approximately 95.53% of Builders FirstSource. BlackRock initiated a position worth about $700.9 million, while Dimensional Fund Advisors and Pictet Asset Management also increased their holdings.
• The stock opened at $56.88, well below its 52-week high of $131.50. Recent quarterly results fell short of expectations, with EPS of $1.17 versus $1.25 forecast and revenue down 8.8% year over year to $3.86 billion.

Shares of Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) have earned a consensus rating of "Hold" from the twenty-four brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $82.25.

Several equities analysts have recently issued reports on BLDR shares. Barclays decreased their price target on Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a research report on Friday, July 31st. William Blair lowered Builders FirstSource from an "outperform" rating to a "market perform" rating in a research note on Thursday. BMO Capital Markets reiterated a "market perform" rating and issued a $80.00 target price on shares of Builders FirstSource in a research report on Thursday, August 6th. Finally, Benchmark decreased their target price on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd.

Institutional Investors Weigh In On Builders FirstSource

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Builders FirstSource during the 2nd quarter worth approximately $700,934,000. Dimensional Fund Advisors LP grew its stake in shares of Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock worth $244,301,000 after buying an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource during the second quarter worth $134,908,000. Pictet Asset Management Holding SA increased its holdings in shares of Builders FirstSource by 74.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company's stock worth $113,478,000 after buying an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Builders FirstSource during the second quarter worth $83,832,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $56.88 on Friday. The company has a 50 day moving average of $60.29 and a 200-day moving average of $71.80. Builders FirstSource has a 1-year low of $49.67 and a 1-year high of $131.50. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market cap of $6.12 billion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business's revenue was down 8.8% compared to the same quarter last year. During the same period last year, the business earned $2.38 earnings per share. As a group, equities research analysts forecast that Builders FirstSource will post 3.07 earnings per share for the current fiscal year.

About Builders FirstSource

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.

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