Shares of Builders FirstSource, Inc. (NYSE: BLDR – Get Rating) on a consensus recommendation for “buy” from fourteen analysts currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation for the company. The average twelve-month price target among brokerages that reported on the stock last year is $91.54.
Several equity research analysts have released reports on BLDR shares. Royal Bank of Canada cut its price target for Builders FirstSource shares from $106.00 to $93.00 in a research note on Wednesday. Bryan and Garnier & Co lowered Builders FirstSource from a “buy” rating to a “neutral” rating and set a target price of $71.00 per share. In a report on Wednesday, April 6th. B. Riley lowered Builders FirstSource from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. In a research report on Wednesday, April 6th. Trust Financial boosted its price target on Builders FirstSource from $76.00 to $90.00 in a research report on Wednesday, March 2. Finally, Robert W. Bird lowered his price target for Builders FirstSource shares from $103.00 to $100.00 in a research note on Wednesday, March 2.
BLDR stock opened at $66.89 on Friday. The company’s debt-to-equity ratio is 0.61, the trading ratio is 1.86 and the velocity ratio is 1.10. The stock has a market capitalization of $11.82 billion, a price-earnings ratio of 7.86 and a beta of 2.27. Builders FirstSource had a 52-week low at $39.24 and a 52-week high at $86.48. The company has a 50-day moving average of $66.77 and a 200-day moving average of $70.52.
Builders FirstSource (NYSE: BLDR – Get Rating) released its latest quarterly earnings results on Tuesday, May 10. The company reported earnings of $3.90 per share for the quarter, topping the consensus estimate of $1.98 of $1.92. Builders FirstSource generated a net margin of 8.67% and a return on equity of 39.10%. The company’s revenue was $5.68 billion for the quarter, compared to analysts’ expectations of $4.69 billion. During the same period last year, the company earned $1.10 EPS. Quarterly revenue for the business increased 36.1% year over year. Equity analysts expect Builders FirstSource to post 8.9 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of BLDR. Raymond James & Associates boosted its ownership in shares of Builders FirstSource by 2.9% during the fourth quarter. Raymond James & Associates now owns 183,362 shares of the company’s stock valued at $15,716,000 after purchasing an additional 5,139 shares during the period. National Asset Management Inc. acquired a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $355,000. Meritage Portfolio Management purchased a new position in shares of Builders FirstSource during the 4th quarter valued at approximately $279,000. AlphaCrest Capital Management LLC increased its holdings in Builders FirstSource by 244.2% during the fourth quarter. AlphaCrest Capital Management LLC now owns 1,6507 shares of the company’s stock valued at $1,415,000 after purchasing an additional 11,711 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in Builders FirstSource in the third quarter valued at $266,000. 97.15% of the shares are currently owned by institutional investors.
About FirstSource Builders (Get Rating)
Builders FirstSource, Inc., along with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional home builders, subcontractors, remodelers and consumers in the United States. They offer wood and chipboard goods that include dimensional lumber, plywood, and oriented strand board products that are used in house framing on site; Manufactured products, such as wood floor and deck trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.
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