Builders FirstSource (NYSE:BLDR) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Stock analysts at Wells Fargo & Company started coverage on shares of Builders FirstSource (NYSE:BLDR) in a note issued to investors on Monday,MarketScreener reports. The brokerage set an “equal weight” rating and a $115.00 price target on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 11.97% from the company’s previous close.

A number of other research firms have also recently commented on BLDR. Royal Bank Of Canada cut Builders FirstSource from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $132.00 to $129.00 in a research report on Friday, August 1st. Baird R W downgraded shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Finally, DA Davidson lowered their price objective on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $136.92.

Builders FirstSource Price Performance

NYSE:BLDR opened at $102.70 on Monday. The firm’s fifty day moving average is $122.76 and its two-hundred day moving average is $123.46. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 12.90 and a beta of 1.60. 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 has a one year low of $102.60 and a one year high of $194.36.

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 analysts’ consensus estimates of $1.69 by $0.19. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Research analysts expect that Builders FirstSource will post 11.59 EPS for the current year.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IMA Advisory Services Inc. purchased a new position in Builders FirstSource in the first quarter worth approximately $31,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth $34,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth $38,000. MUFG Securities EMEA plc purchased a new position in Builders FirstSource in the second quarter valued at $38,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Builders FirstSource in the third quarter valued at $44,000. Hedge funds and other institutional investors 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.