Builders FirstSource, Inc. (NYSE:BLDR) Receives $206.47 Average Price Target from Analysts

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been assigned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $206.47.

Several research firms recently weighed in on BLDR. Benchmark reduced their price objective on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Jefferies Financial Group lifted their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada lifted their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Bank of America lifted their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors have recently added to or reduced their stakes in BLDR. Advisors Asset Management Inc. increased its holdings in Builders FirstSource by 32.0% during the first quarter. Advisors Asset Management Inc. now owns 2,046 shares of the company’s stock worth $427,000 after buying an additional 496 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of Builders FirstSource in the first quarter valued at $229,000. Janus Henderson Group PLC increased its holdings in shares of Builders FirstSource by 21.1% in the first quarter. Janus Henderson Group PLC now owns 20,013 shares of the company’s stock valued at $4,173,000 after purchasing an additional 3,483 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Builders FirstSource by 5.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 380,157 shares of the company’s stock valued at $79,282,000 after purchasing an additional 19,181 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new position in shares of Builders FirstSource in the first quarter valued at $357,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 0.6 %

Shares of NYSE:BLDR opened at $184.75 on Friday. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70. The company has a 50 day moving average of $185.90 and a 200-day moving average of $168.27. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a market cap of $21.26 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 1.06 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the firm earned $4.24 EPS. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, sell-side analysts forecast that Builders FirstSource will post 11.56 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has approved a share buyback program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually an indication 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.