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.

Analyst Ratings Changes

A number of research firms have commented on BLDR. Truist Financial lifted their target price on Builders FirstSource from $78.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, August 2nd. Royal Bank of Canada downgraded Builders FirstSource from an "outperform" rating to a "sector perform" rating and lifted their target price for the company from $70.00 to $79.00 in a research report on Tuesday, August 2nd. Wedbush restated an "outperform" rating and issued a $110.00 target price on shares of Builders FirstSource in a research report on Monday, August 1st. BMO Capital Markets reduced their target price on Builders FirstSource from $96.00 to $90.00 in a research report on Tuesday, May 17th. Finally, BTIG Research downgraded Builders FirstSource from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.67.

Builders FirstSource Trading Up 0.7 %

Shares of NYSE:BLDR opened at $70.75 on Friday. Builders FirstSource has a twelve month low of $47.87 and a twelve month high of $86.48. The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $61.57 and a 200-day simple moving average of $65.38. The stock has a market capitalization of $11.04 billion, a PE ratio of 4.85 and a beta of 2.18.

Builders FirstSource (NYSE:BLDR - Get Rating) last released its earnings results on Monday, August 1st. The company reported $6.26 EPS for the quarter, topping the consensus estimate of $2.91 by $3.35. Builders FirstSource had a return on equity of 58.32% and a net margin of 11.79%. The firm had revenue of $6.93 billion during the quarter, compared to analysts' expectations of $5.55 billion. During the same period in the previous year, the firm posted $2.76 EPS. Builders FirstSource's revenue for the quarter was up 24.2% on a year-over-year basis. On average, equities analysts forecast that Builders FirstSource will post 14.72 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Floyd F. Sherman sold 35,000 shares of the business's stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $55.09, for a total transaction of $1,928,150.00. Following the completion of the transaction, the director now directly owns 13,972 shares of the company's stock, valued at approximately $769,717.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.