Investment Analysts’ Recent Ratings Updates for Builders FirstSource (BLDR)

A number of research firms have changed their ratings and price targets for Builders FirstSource (NYSE: BLDR):

• 5/8/2024 – Builders FirstSource had its price target lowered by analysts at Barclays PLC from $240.00 to $200.00. They now have an “overweight” rating on the stock.
• 5/8/2024 – Builders FirstSource had its price target lowered by analysts at Robert W. Baird from $207.00 to $197.00. They now have a “neutral” rating on the stock.
• 5/8/2024 – Builders FirstSource had its price target lowered by analysts at Truist Financial Co. from $190.00 to $180.00. They now have a “hold” rating on the stock.
• 5/7/2024 – Builders FirstSource had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $215.00 price target on the stock, down previously from $225.00.
• 4/18/2024 – Builders FirstSource had its price target raised by analysts at Jefferies Financial Group Inc. from $226.00 to $237.00. They now have a “buy” rating on the stock.
• 4/4/2024 – Builders FirstSource had its price target raised by analysts at Barclays PLC from $235.00 to $240.00. They now have an “overweight” rating on the stock.
• 3/28/2024 – Builders FirstSource had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $185.00 price target on the stock.

Builders FirstSource Price Performance

BLDR opened at $169.26 on Friday. The stock’s 50 day moving average price is $193.98 and its 200-day moving average price is $169.12. Builders FirstSource, Inc. has a 52-week low of $105.24 and a 52-week high of $214.70. The stock has a market capitalization of $20.65 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.22 and a beta of 2.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.42 by $0.23. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $2.96 EPS. On average, equities research analysts predict that Builders FirstSource, Inc. will post 13.83 EPS for the current year.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale boosted its position in shares of Builders FirstSource by 18.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock worth $9,515,000 after purchasing an additional 9,122 shares in the last quarter. FCF Advisors LLC grew its stake in shares of Builders FirstSource by 81.9% in the fourth quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after acquiring an additional 9,470 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Builders FirstSource by 13.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 52,312 shares of the company’s stock valued at $6,512,000 after acquiring an additional 6,155 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Builders FirstSource by 53.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 94,505 shares of the company’s stock worth $15,777,000 after purchasing an additional 32,819 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its stake in Builders FirstSource by 437.8% in the 4th quarter. New York Life Investment Management LLC now owns 17,580 shares of the company’s stock worth $2,935,000 after purchasing an additional 14,311 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

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.