UBS Group Begins Coverage on Builders FirstSource (NYSE:BLDR)

UBS Group assumed coverage on shares of Builders FirstSource (NYSE:BLDR) in a research note released on Friday, Marketbeat.com reports. The firm issued a buy rating and a $232.00 price target on the stock.

A number of other equities analysts also recently issued reports on the stock. Baird R W raised shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group began coverage on Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price for the company. Oppenheimer upped their price target on Builders FirstSource from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Barclays raised their price objective on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Loop Capital upped their target price on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.35.

Builders FirstSource Trading Down 0.5 %

NYSE BLDR opened at $180.80 on Friday. 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 fifty-two week low of $105.24 and a fifty-two week high of $214.70. The stock has a market cap of $22.07 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 11.48 and a beta of 2.06. The stock has a 50 day simple moving average of $183.91 and a two-hundred day simple moving average of $168.79.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.48. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter in the previous year, the business posted $3.89 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts forecast that Builders FirstSource will post 11.68 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has approved a stock repurchase plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the transaction, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLDR. Westside Investment Management Inc. bought a new position in shares of Builders FirstSource during the 1st quarter valued at $31,000. Armstrong Advisory Group Inc. purchased a new stake in Builders FirstSource during the third quarter valued at $30,000. ORG Partners LLC bought a new position in Builders FirstSource in the first quarter valued at about $33,000. Innealta Capital LLC purchased a new position in Builders FirstSource in the second quarter worth about $27,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after purchasing an additional 75 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.