Builders FirstSource, Inc. (NYSE: BLDR) Receives Average “Buy” Recommendation From Brokerages
FirstSource Builders, Inc. (NYSE: BLDR – Get a rating) earned an average “buy” recommendation from the fourteen analysts currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts who have updated their coverage of the stock in the past year is $91.38.
A number of analysts have released reports on BLDR shares. BMO Capital Markets reduced its target price on Builders FirstSource from $96.00 to $90.00 in a Tuesday, May 17 research note. Bryan, Garnier & Co downgraded Builders FirstSource from a “buy” rating to a “neutral” rating and set a price target of $71.00 for the company. in a report on Wednesday, April 6. Wedbush raised its price target on Builders FirstSource from $105.00 to $110.00 in a Friday, May 13 report. Robert W. Baird lowered his price target on Builders FirstSource from $103.00 to $100.00 in a Wednesday, March 2 report. Finally, Truist Financial raised its target price on Builders FirstSource from $76.00 to $90.00 in a Wednesday, March 2 report.
NYSE BLDR opened at $67.66 on Wednesday. The company has a fifty-day moving average price of $63.75 and a 200-day moving average price of $70.60. Builders FirstSource has a one-year minimum of $39.24 and a one-year maximum of $86.48. The company has a debt ratio of 0.61, a quick ratio of 1.10 and a current ratio of 1.86. The company has a market capitalization of $11.96 billion, a P/E ratio of 7.95 and a beta of 2.27.
FirstSource constructors (NYSE: BLDR – Get a rating) last released its quarterly earnings data on Tuesday, May 10. The company reported EPS of $3.90 for the quarter, beating the consensus estimate of $2.15 by $1.75. Builders FirstSource earned a return on equity of 39.10% and a net margin of 8.67%. The company posted revenue of $5.68 billion in the quarter, versus a consensus estimate of $4.69 billion. During the same period of the previous year, the company achieved EPS of $1.10. The company’s revenue increased by 36.1% compared to the same quarter last year. As a group, sell-side analysts expect Builders FirstSource to post 8.9 EPS for the current fiscal year.
Institutional investors have recently changed their positions in the company. Bank of America Corp DE increased its holdings in Builders FirstSource 1.2% in the first quarter. Bank of America Corp DE now owns 660,548 shares of the company valued at $42,633,000 after buying an additional 7,513 shares last quarter. Walleye Capital LLC increased its holdings in Builders FirstSource by 663.3% in the first quarter. Walleye Capital LLC now owns 21,083 shares of the company valued at $1,361,000 after purchasing an additional 18,321 shares last quarter. Advisory Services Network LLC increased its stake in Builders FirstSource by 31.8% in the first quarter. Advisory Services Network LLC now owns 4,931 shares of the company valued at $318,000 after purchasing an additional 1,190 shares in the last quarter. Range Financial Group LLC acquired a new position in Builders FirstSource in the first quarter worth approximately $460,000. Finally, Continuum Advisory LLC acquired a new position in Builders FirstSource in the first quarter worth approximately $209,000. 97.15% of the shares are held by institutional investors and hedge funds.
Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, fabricated components and construction services to professional home builders, contractors, remodelers and consumers in the United States. It offers lumber and lumber sheet products including dimensional lumber, plywood and oriented strand board products that are used in on-site home framing; manufactured products, such as wooden floors 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 trim and custom products under the Synboard brand.
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