Builders FirstSource, Inc. (NYSE:BLDR) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts hold a mixed view on Builders FirstSource, with 13 hold, 9 buy, and 3 sell ratings. The average 12-month price target is $90.35, above the stock’s reported $65.74 opening price.
• The company’s latest quarterly results missed expectations: EPS was $1.17 versus the $1.25 consensus, while revenue fell 8.8% year over year to $3.86 billion.
• Institutional ownership remains substantial at 95.53%, with major investors including California State Teachers Retirement System and BlackRock making significant position changes.

Shares of Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) have earned an average recommendation of "Hold" from the twenty-five analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $90.3529.

Several research analysts have recently issued reports on BLDR shares. Citizens Jmp began coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a "market perform" rating on the stock. UBS Group dropped their price target on shares of Builders FirstSource from $122.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Wolfe Research upgraded shares of Builders FirstSource to a "hold" rating in a report on Thursday, May 14th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $80.00 price objective on shares of Builders FirstSource in a research note on Thursday, August 6th. Finally, Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a report on Friday, July 31st.

Builders FirstSource Trading Up 2.4%

BLDR stock opened at $65.74 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource has a twelve month low of $62.31 and a twelve month high of $151.03. The company has a market cap of $7.07 billion, a P/E ratio of 72.24, a PEG ratio of 2.08 and a beta of 1.41. The business has a fifty day moving average of $73.05 and a 200-day moving average of $80.74.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Builders FirstSource's revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.38 EPS. As a group, equities research analysts expect that Builders FirstSource will post 3.15 EPS for the current year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in Builders FirstSource by 6,687.9% in the second quarter. California State Teachers Retirement System now owns 11,177,842 shares of the company's stock valued at $1,000,193,000 after buying an additional 11,013,170 shares during the period. BlackRock Inc. bought a new position in Builders FirstSource during the second quarter worth about $700,934,000. State Street Corp grew its position in shares of Builders FirstSource by 2.3% during the 4th quarter. State Street Corp now owns 5,108,120 shares of the company's stock worth $525,574,000 after buying an additional 115,857 shares during the period. Wellington Management Group LLP grew its position in shares of Builders FirstSource by 2.3% during the 4th quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company's stock worth $341,265,000 after buying an additional 73,835 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock valued at $244,301,000 after acquiring an additional 325,935 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.

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