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

Builders FirstSource, Inc. (NYSE:BLDR) has been assigned a consensus recommendation of “Hold” from the twenty-four research firms that are covering the stock, Marketbeat Ratings reports. Four investment 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 12-month price objective among analysts that have issued a report on the stock in the last year is $101.8767.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus decreased their price target on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a research note on Monday, March 16th. KeyCorp cut their target price on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Barclays decreased their target price on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Finally, BMO Capital Markets decreased their target price on Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating for the company in a research note on Monday, May 4th.

Builders FirstSource Trading Down 0.7%

Shares of BLDR stock opened at $75.71 on Thursday. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 1.83 and a beta of 1.45. The stock has a 50-day moving average of $80.47 and a 200-day moving average of $98.74. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. Builders FirstSource has a 1-year low of $65.10 and a 1-year high of $151.03.

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

Builders FirstSource announced that its Board of Directors has approved a stock repurchase program on Thursday, April 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Builders FirstSource

In related news, Director Paul S. Levy acquired 50,000 shares of Builders FirstSource stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the transaction, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. This represents a 2.98% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Builders FirstSource

Several large investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. boosted its holdings in Builders FirstSource by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after acquiring an additional 78 shares in the last quarter. Aprio Wealth Management LLC boosted its holdings in Builders FirstSource by 2.7% in the third quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock worth $446,000 after acquiring an additional 98 shares in the last quarter. Ramirez Asset Management Inc. boosted its holdings in Builders FirstSource by 25.0% in the third quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock worth $61,000 after acquiring an additional 100 shares in the last quarter. New Mexico Educational Retirement Board boosted its holdings in Builders FirstSource by 2.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock worth $525,000 after acquiring an additional 100 shares in the last quarter. Finally, IMA Advisory Services Inc. boosted its holdings in Builders FirstSource by 40.9% in the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds 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.