Builders FirstSource, Inc. (NYSE:BLDR) Receives $101.88 Consensus Price Target from Analysts

Builders FirstSource, Inc. (NYSE:BLDR) has been assigned an average rating of “Hold” from the twenty-four brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $101.8767.

A number of brokerages recently issued reports on BLDR. The Goldman Sachs Group dropped their price target on shares of Builders FirstSource from $110.00 to $101.00 in a research note on Friday, May 1st. Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Weiss Ratings downgraded Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. UBS Group lowered their price target on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Bank of America decreased their target price on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, April 20th.

Insider Activity at Builders FirstSource

In other news, Director Paul S. Levy bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the acquisition, the director directly owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This trade represents a 2.98% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently modified their holdings of the company. Cromwell Holdings LLC lifted its holdings in Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after buying an additional 132 shares during the period. Sunbelt Securities Inc. increased its position in shares of Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter worth $34,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 1.3%

Shares of NYSE BLDR opened at $74.37 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. The firm’s fifty day moving average is $80.15 and its 200 day moving average is $98.32. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.81 and a beta of 1.44. Builders FirstSource has a 52 week low of $65.10 and a 52 week high of $151.03.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.51 earnings per share. On average, equities research analysts expect that Builders FirstSource will post 4.26 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has authorized a share buyback program on Thursday, April 30th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.