Builders FirstSource, Inc. (NYSE:BLDR) Stock Has Consensus Target Price of $87.27

Builders FirstSource, Inc. (NYSE:BLDR) has been assigned a consensus rating of “Hold” from the twenty-four analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $87.12.

A number of equities research analysts have recently issued reports on BLDR shares. Citizens Jmp started coverage on shares of Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating for the company. Citigroup assumed coverage on Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating on the stock. Oppenheimer cut their price target on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, July 31st. KeyCorp reduced their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a research note on Thursday, August 6th.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLDR. Versant Capital Management Inc lifted its holdings in Builders FirstSource by 67.5% during the third quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock valued at $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 worth $65,000 after purchasing 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 worth $315,000 after purchasing an additional 678 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Builders FirstSource by 16.9% during the 2nd quarter. Baird Financial Group Inc. now owns 23,947 shares of the company’s stock valued at $2,143,000 after purchasing an additional 3,459 shares during the period. Finally, GoodHaven Capital Management LLC raised its position in shares of Builders FirstSource by 23.4% during the 2nd quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company’s stock valued at $20,469,000 after purchasing an additional 43,330 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

BLDR opened at $56.38 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 61.95, a PEG ratio of 1.80 and a beta of 1.45. The company’s 50 day moving average is $65.75 and its 200 day moving average is $74.77. Builders FirstSource has a 12-month low of $54.75 and a 12-month high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm posted $2.38 earnings per share. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts predict that Builders FirstSource will post 3.19 EPS for the current year.

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.