Builders FirstSource, Inc. (NYSE:BLDR) Receives $90.35 Average PT from Brokerages

Builders FirstSource, Inc. (NYSE:BLDR) has been assigned an average rating of “Hold” from the twenty-three research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $90.3529.

A number of equities research analysts have recently commented on BLDR shares. Wells Fargo & Company lowered their price objective on Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. The Goldman Sachs Group reduced their target price on Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. Truist Financial lowered their price target on Builders FirstSource from $115.00 to $90.00 and set a “buy” rating for the company in a report on Friday, July 31st. Robert W. Baird set a $75.00 price target on Builders FirstSource in a report on Friday, July 31st. Finally, Stifel Nicolaus dropped their price objective on shares of Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd.

Builders FirstSource Price Performance

NYSE:BLDR opened at $73.45 on Tuesday. Builders FirstSource has a 12-month low of $65.10 and a 12-month high of $151.03. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 80.72, a price-to-earnings-growth ratio of 2.35 and a beta of 1.44. The company’s 50-day moving average is $76.61 and its two-hundred day moving average is $86.31. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.38 earnings per share. Research analysts expect that Builders FirstSource will post 3.15 EPS for the current year.

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

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth about $38,000. MUFG Securities EMEA plc acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $38,000. Sunbelt Securities Inc. increased its position 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. Finally, Transamerica Financial Advisors LLC raised its holdings in Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.