Builders FirstSource (NYSE:BLDR) Upgraded at Zacks Research

Zacks Research upgraded shares of Builders FirstSource (NYSE:BLDR) from a strong sell rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

A number of other research analysts have also recently issued reports on the company. Stifel Nicolaus boosted their target price on Builders FirstSource from $118.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, August 1st. KeyCorp set a $145.00 price objective on Builders FirstSource in a report on Wednesday, October 1st. Wall Street Zen raised Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the stock an “outperform” rating in a report on Thursday, July 10th. Finally, DA Davidson cut their price target on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $138.69.

Builders FirstSource Trading Up 0.3%

BLDR opened at $109.36 on Wednesday. The firm’s fifty day moving average is $126.31 and its two-hundred day moving average is $123.90. The firm has a market cap of $12.09 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 12.90 and a beta of 1.61. Builders FirstSource has a twelve month low of $102.60 and a twelve month high of $194.36. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.19. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.86 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The firm’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.07 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Builders FirstSource will post 11.59 EPS for the current year.

Hedge Funds Weigh In On Builders FirstSource

Large investors have recently bought and sold shares of the company. Fiera Capital Corp lifted its position in shares of Builders FirstSource by 12.8% in the third quarter. Fiera Capital Corp now owns 480,609 shares of the company’s stock worth $58,274,000 after purchasing an additional 54,487 shares in the last quarter. NewEdge Wealth LLC bought a new position in Builders FirstSource in the third quarter valued at $407,000. CenterBook Partners LP acquired a new stake in Builders FirstSource in the 3rd quarter valued at $3,746,000. Grange Capital LLC lifted its position in Builders FirstSource by 61.4% during the 3rd quarter. Grange Capital LLC now owns 19,088 shares of the company’s stock worth $2,314,000 after buying an additional 7,261 shares in the last quarter. Finally, Cercano Management LLC bought a new stake in Builders FirstSource during the 3rd quarter worth about $7,311,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

About Builders FirstSource

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.