Builders FirstSource, Inc. (NYSE:BLDR) Receives $180.47 Consensus Target Price from Analysts

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have received a consensus rating of “Moderate Buy” from the seventeen research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $180.47.

Several research firms have recently weighed in on BLDR. Jefferies Financial Group reissued a “buy” rating and issued a $185.00 target price (down from $205.00) on shares of Builders FirstSource in a research report on Friday, August 9th. Stifel Nicolaus reduced their target price on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Baird R W upgraded Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Finally, Bank of America lowered Builders FirstSource from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $183.00 to $180.00 in a report on Friday, August 2nd.

Insider Activity

In related news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the sale, the insider now directly owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the transaction, the insider now directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the sale, the insider now owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. Insiders have sold 43,993 shares of company stock valued at $6,937,807 over the last three months. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC raised its stake in shares of Builders FirstSource by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after purchasing an additional 74 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after acquiring an additional 75 shares during the period. Team Hewins LLC increased its position in Builders FirstSource by 6.5% during the 1st quarter. Team Hewins LLC now owns 1,313 shares of the company’s stock worth $274,000 after buying an additional 80 shares during the period. Csenge Advisory Group boosted its position in shares of Builders FirstSource by 1.9% in the second quarter. Csenge Advisory Group now owns 4,252 shares of the company’s stock valued at $589,000 after acquiring an additional 81 shares during the period. Finally, Congress Wealth Management LLC DE increased its position in Builders FirstSource by 1.4% during the fourth quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock worth $1,035,000 after acquiring an additional 85 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Trading Down 2.1 %

Shares of BLDR stock opened at $161.13 on Friday. The stock has a 50-day simple moving average of $150.56 and a 200 day simple moving average of $172.69. The stock has a market capitalization of $19.67 billion, a P/E ratio of 13.80, a P/E/G ratio of 2.57 and a beta of 2.04. Builders FirstSource has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.02 by $0.48. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.48 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.89 earnings per share. On average, sell-side analysts expect that Builders FirstSource will post 12.91 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has initiated a share buyback plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

About Builders FirstSource

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.