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

Builders FirstSource, Inc. (NYSE:BLDR) has earned an average recommendation of “Hold” from the twenty-three analysts that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $101.4481.

BLDR has been the subject of a number of research analyst reports. Benchmark decreased their target price on Builders FirstSource from $138.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Robert W. Baird dropped their price target on Builders FirstSource from $125.00 to $95.00 in a research report on Friday, May 1st. The Goldman Sachs Group cut their price objective on Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Finally, KeyCorp lowered their target price on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday.

Institutional Investors Weigh In On Builders FirstSource

Several large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its holdings in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 132 shares during the period. Cromwell Holdings LLC boosted its stake in Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Builders FirstSource in the 2nd quarter worth $38,000. MUFG Securities EMEA plc bought a new position in Builders FirstSource during the 2nd quarter worth about $38,000. Finally, Sunbelt Securities Inc. increased its holdings in Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 2.9%

Shares of NYSE BLDR opened at $78.23 on Friday. Builders FirstSource has a twelve month low of $65.10 and a twelve month high of $151.03. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 29.97, a P/E/G ratio of 1.80 and a beta of 1.42. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. The company’s fifty day moving average is $77.30 and its 200-day moving average is $92.59.

Builders FirstSource (NYSE:BLDR) last released 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). 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%. Builders FirstSource’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 EPS. Equities research analysts predict that Builders FirstSource will post 4.32 EPS for the current year.

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