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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been assigned an average rating of “Hold” from the twenty-four brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $101.8767.

Several equities analysts have recently issued reports on the company. Bank of America decreased their price target on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. KeyCorp decreased their price target on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. William Blair assumed coverage on Builders FirstSource in a research note on Thursday, February 26th. They issued an “outperform” rating on the stock. DA Davidson decreased their price target on Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Finally, UBS Group decreased their price target on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, May 1st.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $80.77 on Monday. The stock’s fifty day moving average price is $79.12 and its two-hundred day moving average price is $96.01. Builders FirstSource has a one year low of $65.10 and a one year high of $151.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The firm has a market cap of $8.69 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the business earned $1.51 EPS. Builders FirstSource’s revenue was down 10.1% on a year-over-year basis. As a group, research analysts expect that Builders FirstSource will post 4.26 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a stock buyback plan on Thursday, April 30th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Builders FirstSource

Hedge funds and other institutional investors have recently modified their holdings of the business. Cromwell Holdings LLC increased its stake in shares of Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after purchasing an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in shares of Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Company Profile

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.