Posted by admin on Aug 2nd, 2022

Wedbush reiterated their outperform rating on shares of Builders FirstSource (NYSE:BLDR – Get Rating) in a report released on Monday morning, Marketbeat Ratings reports. They currently have a $110.00 price objective on the stock.

BLDR has been the subject of a number of other reports. Bryan, Garnier & Co lowered shares of Builders FirstSource from a buy rating to a neutral rating and set a $71.00 target price for the company. in a research note on Wednesday, April 6th. Barclays lowered their target price on shares of Builders FirstSource from $106.00 to $86.00 and set an overweight rating for the company in a research note on Thursday, July 14th. BMO Capital Markets lowered their target price on shares of Builders FirstSource from $96.00 to $90.00 in a research note on Tuesday, May 17th. Stephens lowered their target price on shares of Builders FirstSource from $100.00 to $75.00 and set an overweight rating for the company in a research note on Thursday, July 28th. Finally, B. Riley lowered shares of Builders FirstSource from a buy rating to a neutral rating and set a $71.00 target price for the company. in a research note on Wednesday, April 6th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of Moderate Buy and a consensus price target of $90.46.

BLDR stock opened at $73.34 on Monday. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.66. Builders FirstSource has a twelve month low of $43.73 and a twelve month high of $86.48. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 6.52 and a beta of 2.18. The firm’s fifty day simple moving average is $60.72 and its two-hundred day simple moving average is $65.43.

Builders FirstSource (NYSE:BLDR – Get Rating) last posted its quarterly earnings data on Monday, August 1st. The company reported $6.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $3.35. Builders FirstSource had a net margin of 10.24% and a return on equity of 47.82%. The business had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $5.55 billion. During the same quarter in the previous year, the business posted $2.76 earnings per share. The business’s revenue was up 24.2% compared to the same quarter last year. As a group, analysts anticipate that Builders FirstSource will post 12.3 earnings per share for the current year.

In other Builders FirstSource news, Director Floyd F. Sherman sold 35,000 shares of the stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $55.09, for a total transaction of $1,928,150.00. Following the completion of the sale, the director now directly owns 13,972 shares of the company’s stock, valued at $769,717.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Builders FirstSource by 0.5% during the first quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock valued at $1,124,428,000 after acquiring an additional 86,484 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Builders FirstSource by 14.8% during the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock valued at $727,819,000 after acquiring an additional 1,455,580 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Builders FirstSource by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,457,635 shares of the company’s stock valued at $287,766,000 after acquiring an additional 117,308 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Builders FirstSource by 3.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,535,609 shares of the company’s stock worth $228,187,000 after buying an additional 133,719 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Builders FirstSource by 2.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,925,473 shares of the company’s stock worth $157,097,000 after buying an additional 79,853 shares during the period. Institutional investors and hedge funds own 99.39% of the company’s stock.

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, 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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