Builders FirstSource (BLDR) Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Builders FirstSource in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BLDR shares.
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14 equities research analysts have issued 12-month price targets for Builders FirstSource's shares. Their BLDR share price forecasts range from $77.00 to $160.00. On average, they anticipate the company's stock price to reach $112.25 in the next year. This suggests that the stock has a possible downside of 8.3%.
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Builders FirstSource's stock was trading at $64.88 at the start of the year. Since then, BLDR stock has increased by 88.7% and is now trading at $122.46.
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Builders FirstSource saw a drop in short interest in April. As of April 30th, there was short interest totaling 4,940,000 shares, a drop of 9.4% from the April 15th total of 5,450,000 shares. Based on an average daily trading volume, of 2,110,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 4.4% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
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Builders FirstSource, Inc. (NYSE:BLDR) released its quarterly earnings data on Wednesday, May, 3rd. The company reported $2.96 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $1.33. The company had revenue of $3.88 billion for the quarter, compared to analysts' expectations of $3.57 billion. Builders FirstSource had a trailing twelve-month return on equity of 55.42% and a net margin of 11.68%. The business's quarterly revenue was down 31.6% compared to the same quarter last year. During the same period last year, the company posted $3.90 EPS.

ETFs with the largest weight of Builders FirstSource (NYSE:BLDR) stock in their portfolio include SPDR S&P Homebuilders ETF (XHB), Inspire Faithward Mid Cap Momentum ETF (GLRY), Argent Mid Cap ETF (AMID), First Trust Dorsey Wright Momentum & Value ETF (DVLU), The Acquirers Fund (ZIG), Profound Medical (PRN), Invesco S&P MidCap Value with Momentum ETF (XMVM) and AXS Astoria Inflation Sensitive ETF (PPI).

Builders FirstSource updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.00 billion-$4.20 billion, compared to the consensus revenue estimate of $4.30 billion.

Builders FirstSource trades on the New York Stock Exchange (NYSE) under the ticker symbol "BLDR."

Builders FirstSource's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.70%), Wellington Management Group LLP (10.29%), FMR LLC (8.17%), State Street Corp (3.55%), Dimensional Fund Advisors LP (3.41%) and William Blair Investment Management LLC (3.21%). Insiders that own company stock include David E Rush, Floyd F Sherman, Jami Beckmann, Jami Lynn Coulter, Michael Alan Farmer, Michael Alan Farmer, Peter M Jackson, Timothy D Johnson and Timothy D Johnson.
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Shares of BLDR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BLDR stock can currently be purchased for approximately $122.46.

Builders FirstSource (NYSE:BLDR) has a market capitalization of $15.70 billion and generates $22.73 billion in revenue each year. The company earns $2.75 billion in net income (profit) each year or $15.50 on an earnings per share basis.

The company employs 29,000 workers across the globe.

Builders FirstSource's mailing address is 2001 Bryan Street Suite1600, Dallas TX, 75201. The official website for the company is www.bldr.com. The company can be reached via phone at (214) 880-3500, via email at binit.sanghvi@bldr.com, or via fax at 513-389-4634.