Builders FirstSource - BLDR Stock Forecast, Price & News

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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name. The company also offers gypsum, roofing, and insulation products, including wallboards, ceilings, joint treatments, and finishes; and siding, metal, and concrete products, such as vinyl, composite, and wood siding products, as well as exterior trims, other exteriors, metal studs, and cement products. In addition, it provides other building products and services, such as cabinets and hardware, as well as turn-key framing, shell construction, design assistance, and professional installation services. The company was formerly known as BSL Holdings, Inc. and changed its name to Builders FirstSource, Inc. in October 1999. Builders FirstSource, Inc. was founded in 1998 and is based in Dallas, Texas.

Builders FirstSource Price Performance

NYSE:BLDR traded down $2.21 during mid-day trading on Wednesday, reaching $67.00. 1,388,016 shares of the company were exchanged, compared to its average volume of 2,668,010. Builders FirstSource has a 12 month low of $47.87 and a 12 month high of $86.48. The company has a fifty day moving average of $61.70 and a 200 day moving average of $65.44. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.69. The stock has a market cap of $10.46 billion, a PE ratio of 4.59 and a beta of 2.18.

Builders FirstSource (NYSE:BLDR - Get Rating) last issued its quarterly earnings data on Monday, August 1st. The company reported $6.26 EPS for the quarter, topping analysts' consensus estimates of $2.91 by $3.35. Builders FirstSource had a net margin of 11.79% and a return on equity of 58.32%. The firm had revenue of $6.93 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. The company's revenue was up 24.2% on a year-over-year basis. On average, research analysts anticipate that Builders FirstSource will post 14.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial upped their target price on shares of Builders FirstSource from $78.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, August 2nd. Wedbush reiterated an "outperform" rating and set a $110.00 target price on shares of Builders FirstSource in a research note on Monday, August 1st. BTIG Research cut shares of Builders FirstSource from a "buy" rating to a "neutral" rating in a research note on Tuesday, August 2nd. B. Riley increased their price objective on shares of Builders FirstSource from $71.00 to $75.00 in a research note on Tuesday, August 2nd. Finally, Stephens dropped their price objective on shares of Builders FirstSource from $100.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, July 28th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus target price of $91.67.

Insider Activity

In other news, Director Floyd F. Sherman sold 35,000 shares of the firm's stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $55.09, for a total value of $1,928,150.00. Following the transaction, the director now owns 13,972 shares of the company's stock, valued at approximately $769,717.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.