Builders FirstSource, Inc. (NYSE:BLDR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have earned an average rating of “Moderate Buy” from the nineteen research firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $200.35.

BLDR has been the topic of several research analyst reports. UBS Group initiated coverage on Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective on the stock. Loop Capital lifted their price objective on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Baird R W upgraded Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Benchmark dropped their price objective on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, B. Riley dropped their price objective on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th.

Builders FirstSource Trading Down 7.1 %

NYSE:BLDR opened at $171.66 on Wednesday. The stock has a fifty day moving average price of $184.34 and a two-hundred day moving average price of $168.76. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 11.48 and a beta of 2.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83. Builders FirstSource has a 1 year low of $105.24 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. The business had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $3.89 earnings per share. As a group, sell-side analysts anticipate that Builders FirstSource will post 11.68 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 authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the transaction, the director now owns 95,333 shares in the company, valued at $14,650,775.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in Builders FirstSource during the 2nd quarter worth $27,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Builders FirstSource in the third quarter valued at $30,000. Westside Investment Management Inc. acquired a new stake in shares of Builders FirstSource in the first quarter valued at $31,000. ORG Partners LLC acquired a new stake in shares of Builders FirstSource in the first quarter valued at $33,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.