Builders FirstSource (NYSE:BLDR) Lowered to Hold Rating by Stifel Nicolaus

Stifel Nicolaus lowered shares of Builders FirstSource (NYSE:BLDR) from a buy rating to a hold rating in a report released on Tuesday morning, MarketBeat reports. The firm currently has $125.00 target price on the stock, down from their prior target price of $156.00.

A number of other brokerages have also commented on BLDR. Raymond James reissued an “outperform” rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. The Goldman Sachs Group dropped their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Truist Financial dropped their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a research report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 price objective for the company. Finally, StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Six 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.21.

Builders FirstSource Trading Down 6.3 %

Shares of Builders FirstSource stock opened at $112.04 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $12.74 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. Builders FirstSource has a 12-month low of $110.84 and a 12-month high of $203.14. The company has a 50-day simple moving average of $125.35 and a 200 day simple moving average of $152.00.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.16. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Builders FirstSource’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 earnings per share. Research analysts expect that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has authorized a stock repurchase program on Thursday, May 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Builders FirstSource

Several institutional investors have recently bought and sold shares of BLDR. Norges Bank acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $199,890,000. Voya Investment Management LLC grew its holdings in shares of Builders FirstSource by 174.2% in the 4th quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company’s stock valued at $202,374,000 after acquiring an additional 899,841 shares in the last quarter. FMR LLC increased its position in shares of Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock valued at $1,557,703,000 after acquiring an additional 740,214 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in Builders FirstSource by 15,533.9% during the fourth quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock worth $92,891,000 after acquiring an additional 645,746 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after purchasing an additional 623,583 shares during the last quarter. 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.