Builders FirstSource, Inc. (NYSE:BLDR) Given Consensus Rating of “Hold” by Analysts

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been assigned a consensus recommendation of “Hold” from the twenty-four ratings firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $101.8767.

BLDR has been the subject of a number of recent analyst reports. Oppenheimer set a $121.00 target price on shares of Builders FirstSource in a research note on Friday, May 1st. Barclays lowered their target price on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Robert W. Baird lowered their target price on shares of Builders FirstSource from $125.00 to $95.00 in a research note on Friday, May 1st. Wells Fargo & Company lowered their target price on shares of Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Finally, Raymond James Financial lowered their target price on shares of Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st.

Insider Buying and Selling

In related news, Director Paul S. Levy bought 50,000 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the purchase, the director directly owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.

Institutional Trading of Builders FirstSource

Institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC lifted its stake in Builders FirstSource by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after acquiring an additional 295 shares during the period. Woodline Partners LP lifted its stake in Builders FirstSource by 40.7% during the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after acquiring an additional 2,812 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Builders FirstSource by 180.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock valued at $185,000 after acquiring an additional 1,017 shares during the period. Baird Financial Group Inc. lifted its stake in Builders FirstSource by 230.7% during the 2nd quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock valued at $2,210,000 after acquiring an additional 13,215 shares during the period. Finally, Jump Financial LLC lifted its stake in Builders FirstSource by 144.1% during the 2nd quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after acquiring an additional 4,264 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 3.9%

NYSE:BLDR opened at $77.32 on Thursday. Builders FirstSource has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The stock has a market capitalization of $8.32 billion, a P/E ratio of 29.62, a P/E/G ratio of 1.78 and a beta of 1.49. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The company’s 50-day simple moving average is $81.13 and its 200-day simple moving average is $99.41.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.51 earnings per share. On average, equities analysts anticipate that Builders FirstSource will post 4.26 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has approved a share repurchase program on Thursday, April 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.