Builders FirstSource, Inc. (NYSE:BLDR) Stock Has Average Price Target of $87.27 According to Analysts

Key Points

• Builders FirstSource has a consensus “Hold” rating from 24 analysts, with three sell, 12 hold and nine buy ratings. The average 12-month price target is $87.27, although several firms recently lowered their targets.
• The stock opened at $57.52, near its one-year low of $56.56 and well below its one-year high of $131.50. The company’s latest quarterly results missed expectations, with earnings per share of $1.17 versus the $1.25 consensus and revenue down 8.8% year over year.
• Institutional investors own approximately 95.53% of the company; BlackRock established a position valued at about $700.9 million during the second quarter.

Shares of Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) have been given a consensus rating of "Hold" by the twenty-four ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $87.27.

A number of research firms recently weighed in on BLDR. Stifel Nicolaus set a $65.00 target price on shares of Builders FirstSource in a research note on Friday, September 18th. Benchmark cut their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research note on Friday, July 31st. Royal Bank Of Canada decreased their price objective on Builders FirstSource from $107.00 to $88.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Finally, Truist Financial lowered their price objective on Builders FirstSource from $115.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, July 31st.

Builders FirstSource Price Performance

NYSE:BLDR opened at $57.52 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. Builders FirstSource has a one year low of $56.56 and a one year high of $131.50. The company has a fifty day moving average price of $66.63 and a 200 day moving average price of $75.41. The stock has a market cap of $6.19 billion, a P/E ratio of 63.21, a PEG ratio of 1.86 and a beta of 1.41.

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 for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business posted $2.38 EPS. Builders FirstSource's revenue for the quarter was down 8.8% compared to the same quarter last year. Analysts anticipate that Builders FirstSource will post 3.19 earnings per share for the current year.

Institutional Trading of Builders FirstSource

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $700,934,000. The Manufacturers Life Insurance Company bought a new stake in Builders FirstSource during the 2nd quarter worth approximately $7,317,000. Fiera Capital Corp increased its holdings in Builders FirstSource by 36.0% during the 4th quarter. Fiera Capital Corp now owns 653,839 shares of the company's stock valued at $67,273,000 after purchasing an additional 173,230 shares in the last quarter. Lodge Hill Capital LLC increased its holdings in Builders FirstSource by 9.9% during the 1st quarter. Lodge Hill Capital LLC now owns 333,000 shares of the company's stock valued at $27,416,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. raised its position in Builders FirstSource by 49.9% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 143,600 shares of the company's stock valued at $11,823,000 after purchasing an additional 47,800 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc NYSE: BLDR is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction customers. The company serves customers primarily across the United States through a network of locations and distribution facilities.

Its product offerings include lumber and engineered wood products, windows, doors, siding, roofing, insulation, cabinets, countertops, stairs and other construction materials.

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