Barclays Lowers Builders FirstSource (NYSE:BLDR) Price Target to $137.00

Builders FirstSource (NYSE:BLDR) had its target price trimmed by Barclays from $151.00 to $137.00 in a report published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

BLDR has been the subject of a number of other reports. Benchmark decreased their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. BMO Capital Markets reduced their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Truist Financial lowered their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They issued a “buy” rating and a $151.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.53.

Builders FirstSource Trading Up 1.8 %

NYSE:BLDR opened at $113.94 on Friday. The stock has a market cap of $12.96 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. Builders FirstSource has a fifty-two week low of $110.84 and a fifty-two week high of $203.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The stock’s 50-day moving average is $124.81 and its two-hundred day moving average is $150.80.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the firm posted $2.65 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. As a group, equities research analysts forecast that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a stock buyback program on Thursday, May 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pecaut & CO. increased its holdings in Builders FirstSource by 8.4% during the 1st quarter. Pecaut & CO. now owns 7,304 shares of the company’s stock worth $913,000 after purchasing an additional 569 shares in the last quarter. Hardy Reed LLC grew its holdings in Builders FirstSource by 60.3% during the first quarter. Hardy Reed LLC now owns 6,250 shares of the company’s stock worth $781,000 after buying an additional 2,350 shares in the last quarter. Dynasty Wealth Management LLC lifted its stake in Builders FirstSource by 15.8% during the 1st quarter. Dynasty Wealth Management LLC now owns 4,834 shares of the company’s stock valued at $604,000 after acquiring an additional 658 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Builders FirstSource by 12.6% during the 1st quarter. Cullen Frost Bankers Inc. now owns 29,376 shares of the company’s stock worth $3,670,000 after acquiring an additional 3,281 shares during the last quarter. Finally, Tectonic Advisors LLC grew its stake in shares of Builders FirstSource by 6.0% in the 1st quarter. Tectonic Advisors LLC now owns 8,592 shares of the company’s stock worth $1,073,000 after acquiring an additional 486 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

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.