Builders FirstSource (NYSE:BLDR) Coverage Initiated at William Blair

Analysts at William Blair started coverage on shares of Builders FirstSource (NYSE:BLDR) in a report released on Thursday, Marketbeat Ratings reports. The firm set an “outperform” rating on the stock.

A number of other equities analysts also recently issued reports on BLDR. Zacks Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Wells Fargo & Company upped their target price on Builders FirstSource from $115.00 to $120.00 and gave the stock a “cautious” rating in a research note on Wednesday, February 11th. Jefferies Financial Group decreased their target price on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Loop Capital dropped their price target on shares of Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. Finally, BMO Capital Markets reduced their price objective on shares of Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating for the company in a research report on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $127.39.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $104.06 on Thursday. The company has a market capitalization of $11.51 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 2.56 and a beta of 1.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. The company’s fifty day moving average price is $114.86 and its 200 day moving average price is $119.37. Builders FirstSource has a 1 year low of $94.35 and a 1 year high of $151.03.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the company posted $2.31 EPS. The company’s revenue was down 12.1% on a year-over-year basis. On average, research analysts predict that Builders FirstSource will post 11.59 earnings per share for the current year.

Institutional Investors Weigh In On Builders FirstSource

Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its stake in shares of Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after buying an additional 132 shares in the last quarter. Cromwell Holdings LLC grew its stake in Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $34,000. CYBER HORNET ETFs LLC purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $38,000. Finally, MUFG Securities EMEA plc purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.