Builders FirstSource (NYSE:BLDR) Shares Up 8.4% – What’s Next?

Builders FirstSource, Inc. (NYSE:BLDR)’s stock price shot up 8.4% during mid-day trading on Tuesday . The stock traded as high as $108.21 and last traded at $108.95. 1,675,190 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 1,997,679 shares. The stock had previously closed at $100.53.

Analysts Set New Price Targets

BLDR has been the subject of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of Builders FirstSource from $128.00 to $124.00 in a research note on Monday, November 3rd. Wall Street Zen raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. UBS Group raised their price objective on shares of Builders FirstSource from $158.00 to $166.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Loop Capital decreased their price target on shares of Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $136.92.

Builders FirstSource Trading Up 8.7%

The stock has a market cap of $12.09 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 12.90 and a beta of 1.60. The stock has a 50-day moving average of $117.40 and a 200 day moving average of $122.95. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business’s revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the company earned $3.07 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BLDR. Caitong International Asset Management Co. Ltd raised 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 valued at $26,000 after acquiring an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Builders FirstSource in the 3rd quarter valued at $34,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth about $38,000. MUFG Securities EMEA plc purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at approximately $38,000. Finally, IMA Advisory Services Inc. increased its stake in Builders FirstSource by 40.9% in the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Company Profile

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, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.