Builders FirstSource (NYSE:BLDR) Research Coverage Started at Melius Research

Melius Research began coverage on shares of Builders FirstSource (NYSE:BLDR) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm issued a sell rating and a $52.00 price target on the stock.

BLDR has been the subject of a number of other research reports. UBS Group set a $85.00 target price on shares of Builders FirstSource in a research note on Thursday, October 1st. Truist Financial dropped their price target on Builders FirstSource from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Barclays cut their price target on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. DA Davidson set a $68.00 price objective on Builders FirstSource in a research note on Friday, July 31st. Finally, Robert W. Baird set a $75.00 price objective on Builders FirstSource in a research note on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $84.50.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $53.79 on Tuesday. The business’s fifty day moving average is $64.53 and its 200 day moving average is $73.90. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 59.11, a PEG ratio of 1.72 and a beta of 1.45. Builders FirstSource has a twelve month low of $52.08 and a twelve month high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 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 firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the business posted $2.38 EPS. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. Research analysts expect that Builders FirstSource will post 3.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $700,934,000. Sands Capital Management LLC boosted its stake in Builders FirstSource by 13.5% during the 4th quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock valued at $283,767,000 after purchasing an additional 327,067 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after purchasing an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource in the 2nd quarter worth $134,908,000. Finally, Pictet Asset Management Holding SA raised its stake in shares of Builders FirstSource by 74.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after purchasing an additional 588,987 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Company Profile

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.