Builders FirstSource (NASDAQ:BLDR) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets assumed coverage on shares of Builders FirstSource (NASDAQ:BLDR) in a research note published on Wednesday morning, Anlyst Ratings reports. The brokerage issued an outperform rating and a $50.00 price objective on the stock.

A number of other equities analysts have also recently issued reports on BLDR. Barclays boosted their price objective on Builders FirstSource from $36.00 to $39.00 and gave the company an overweight rating in a report on Monday, October 12th. They noted that the move was a valuation call. Benchmark upped their target price on Builders FirstSource from $44.00 to $53.00 and gave the company a buy rating in a research report on Monday, January 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Builders FirstSource from $37.00 to $41.00 and gave the company a buy rating in a report on Monday, November 16th. Wedbush increased their price objective on Builders FirstSource from $40.00 to $50.00 and gave the company an outperform rating in a report on Wednesday, December 23rd. Finally, Zacks Investment Research lowered Builders FirstSource from a buy rating to a hold rating in a report on Wednesday, January 6th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Builders FirstSource has a consensus rating of Buy and a consensus price target of $38.94.

NASDAQ:BLDR traded up $1.53 during trading hours on Wednesday, reaching $40.13. The stock had a trading volume of 53,290 shares, compared to its average volume of 3,032,992. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.21 and a current ratio of 1.90. Builders FirstSource has a 52 week low of $9.00 and a 52 week high of $42.84. The company has a 50 day moving average price of $38.76 and a two-hundred day moving average price of $31.66. The stock has a market capitalization of $4.69 billion, a PE ratio of 21.21 and a beta of 2.65.

Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, October 29th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.18. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.29 billion. Builders FirstSource had a return on equity of 29.40% and a net margin of 2.76%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. Equities research analysts predict that Builders FirstSource will post 2.65 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Builders FirstSource by 47.0% during the third quarter. BlackRock Inc. now owns 13,936,104 shares of the company’s stock valued at $454,598,000 after acquiring an additional 4,453,456 shares in the last quarter. State Street Corp increased its position in shares of Builders FirstSource by 40.7% during the third quarter. State Street Corp now owns 3,510,034 shares of the company’s stock valued at $114,497,000 after buying an additional 1,015,356 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Builders FirstSource during the third quarter valued at about $108,038,000. Vaughan Nelson Investment Management L.P. increased its position in shares of Builders FirstSource by 5.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,329,484 shares of the company’s stock valued at $75,988,000 after buying an additional 126,140 shares during the period. Finally, Samlyn Capital LLC increased its position in shares of Builders FirstSource by 80.0% in the third quarter. Samlyn Capital LLC now owns 2,029,268 shares of the company’s stock worth $66,195,000 after purchasing an additional 901,646 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

About Builders FirstSource

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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 trims and custom products under the Synboard brand name.

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