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Weiss Ratings Reiterates "Hold (C-)" Rating for Builders FirstSource (NYSE:BLDR)

Builders FirstSource logo with Retail/Wholesale background

Key Points

  • Weiss Ratings has reiterated a "Hold (C-)" rating for Builders FirstSource (NYSE:BLDR), reflecting a cautious outlook on the stock.
  • The average target price for Builders FirstSource is currently set at $151.50, with a mix of "Buy," "Hold," and "Sell" ratings from various analysts.
  • Builders FirstSource reported earnings of $2.38 EPS for the last quarter, exceeding estimates, despite a 5% revenue decline compared to the previous year.
  • MarketBeat previews top five stocks to own in November.

Builders FirstSource (NYSE:BLDR - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the stock. Wedbush restated a "neutral" rating and set a $145.00 target price on shares of Builders FirstSource in a research note on Monday, September 15th. Stifel Nicolaus increased their target price on Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. KeyCorp set a $145.00 price target on Builders FirstSource in a report on Wednesday, October 1st. Barclays decreased their price objective on Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $134.00 target price on shares of Builders FirstSource in a report on Friday, August 1st. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of "Hold" and an average target price of $151.50.

Check Out Our Latest Stock Analysis on Builders FirstSource

Builders FirstSource Stock Performance

Shares of BLDR traded up $2.70 during midday trading on Wednesday, reaching $129.58. The stock had a trading volume of 1,549,574 shares, compared to its average volume of 1,961,946. The firm has a 50 day simple moving average of $133.48 and a 200-day simple moving average of $124.22. Builders FirstSource has a one year low of $102.60 and a one year high of $201.53. The firm has a market cap of $14.33 billion, a PE ratio of 19.66, a P/E/G ratio of 14.23 and a beta of 1.62. 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 released its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Builders FirstSource will post 11.59 EPS for the current year.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds have recently bought and sold shares of BLDR. Norges Bank bought a new position in Builders FirstSource in the 2nd quarter valued at about $147,994,000. Brave Warrior Advisors LLC bought a new position in shares of Builders FirstSource in the first quarter worth about $155,123,000. Wellington Management Group LLP boosted its stake in shares of Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock valued at $401,948,000 after purchasing an additional 960,603 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Builders FirstSource by 957.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock valued at $66,091,000 after purchasing an additional 478,942 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Builders FirstSource by 29.9% during the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company's stock worth $229,809,000 after purchasing an additional 423,891 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

About Builders FirstSource

(Get Free Report)

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.

See Also

Analyst Recommendations for Builders FirstSource (NYSE:BLDR)

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