Stock analysts at BMO Capital Markets initiated coverage on shares of Builders FirstSource (NASDAQ:BLDR) in a research note issued on Wednesday, The Fly reports. The firm set an "outperform" rating on the stock.
Other research analysts have also issued research reports about the stock. Jefferies Financial Group started coverage on shares of Builders FirstSource in a research note on Thursday, December 17th. They set a "buy" rating and a $43.00 price objective on the stock. Wedbush raised their target price on shares of Builders FirstSource from $40.00 to $50.00 and gave the stock an "outperform" rating in a report on Wednesday, December 23rd. Benchmark raised their target price on shares of Builders FirstSource from $44.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, January 4th. BTIG Research raised their target price on shares of Builders FirstSource from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, November 3rd. Finally, ValuEngine cut shares of Builders FirstSource from a "hold" rating to a "sell" rating in a report on Tuesday, December 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of "Buy" and a consensus price target of $38.25.
Shares of NASDAQ:BLDR traded down $0.90 during trading hours on Wednesday, hitting $38.60. The stock had a trading volume of 100,857 shares, compared to its average volume of 3,170,588. Builders FirstSource has a 1-year low of $9.00 and a 1-year high of $42.84. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.21 and a current ratio of 1.90. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 21.21 and a beta of 2.65. The stock's fifty day simple moving average is $38.71 and its 200 day simple moving average is $31.55.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.82 EPS for the quarter, beating the Zacks' consensus estimate of $0.64 by $0.18. Builders FirstSource had a net margin of 2.76% and a return on equity of 29.40%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the business earned $0.72 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, research analysts anticipate that Builders FirstSource will post 2.65 EPS for the current year.
Large investors have recently modified their holdings of the business. Private Advisor Group LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter valued at $28,000. Simon Quick Advisors LLC bought a new stake in Builders FirstSource in the third quarter valued at $53,000. Point72 Hong Kong Ltd boosted its holdings in Builders FirstSource by 622.6% in the second quarter. Point72 Hong Kong Ltd now owns 3,006 shares of the company's stock valued at $62,000 after acquiring an additional 2,590 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in Builders FirstSource by 47.6% in the second quarter. Advisor Group Holdings Inc. now owns 4,785 shares of the company's stock valued at $100,000 after acquiring an additional 1,543 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in Builders FirstSource in the third quarter valued at $114,000. 95.33% of the stock is owned by institutional investors.
Builders FirstSource Company Profile
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
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