Equities researchers at Melius Research initiated coverage on shares of Builders FirstSource (NYSE:BLDR – Get Free Report) in a research note issued on Tuesday, Briefing.com reports. The brokerage set a “sell” rating and a $52.00 price target on the stock. Melius Research’s price objective would suggest a potential downside of 6.54% from the company’s previous close.
Several other equities research analysts have also recently weighed in on BLDR. Wells Fargo & Company reduced their price objective on Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating for the company in a research report on Friday, September 11th. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Oppenheimer cut their target price on shares of Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Citizens Jmp started coverage on shares of Builders FirstSource in a report on Friday, August 21st. They issued a “market perform” rating for the company. Finally, KeyCorp decreased their price target on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource has an average rating of “Hold” and a consensus target price of $85.45.
Check Out Our Latest Stock Analysis on BLDR
Builders FirstSource Trading Down 1.1%
Shares of NYSE:BLDR opened at $55.64 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The stock’s 50-day moving average is $65.41 and its 200-day moving average is $74.53. The company has a market cap of $5.99 billion, a P/E ratio of 61.14, a P/E/G ratio of 1.80 and a beta of 1.45. Builders FirstSource has a 52-week low of $54.75 and a 52-week high of $131.50.
Builders FirstSource (NYSE:BLDR – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.Builders FirstSource’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 EPS. Equities research analysts predict that Builders FirstSource will post 3.19 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of BLDR. Versant Capital Management Inc boosted its stake in Builders FirstSource by 67.5% in the third quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock worth $38,000 after purchasing an additional 270 shares in the last quarter. Anchor Investment Management LLC increased its stake in shares of Builders FirstSource by 93.3% in the second quarter. Anchor Investment Management LLC now owns 725 shares of the company’s stock valued at $65,000 after buying an additional 350 shares in the last quarter. Cidel Asset Management Inc. increased its stake in shares of Builders FirstSource by 23.9% in the second quarter. Cidel Asset Management Inc. now owns 3,519 shares of the company’s stock valued at $315,000 after buying an additional 678 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of Builders FirstSource by 16.9% in the second quarter. Baird Financial Group Inc. now owns 23,947 shares of the company’s stock valued at $2,143,000 after buying an additional 3,459 shares during the last quarter. Finally, GoodHaven Capital Management LLC lifted its position in Builders FirstSource by 23.4% during the 2nd quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company’s stock worth $20,469,000 after buying an additional 43,330 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.
About Builders FirstSource
Builders FirstSource, Inc NYSE: BLDR is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.
Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.
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