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

Builders FirstSource, Inc. (NYSE:BLDR) has been given an average rating of “Hold” by the twenty-two research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $101.4481.

Several research analysts have recently commented on the company. Weiss Ratings upgraded Builders FirstSource from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. KeyCorp cut their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Robert W. Baird reduced their price objective on shares of Builders FirstSource from $125.00 to $95.00 in a research report on Friday, May 1st. The Goldman Sachs Group decreased their price objective on shares of Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. Finally, DA Davidson cut their target price on shares of Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, May 1st.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors have recently made changes to their positions in the company. Cromwell Holdings LLC lifted its holdings in Builders FirstSource by 1,323.5% during 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 last quarter. Caitong International Asset Management Co. Ltd grew its holdings in 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 buying an additional 132 shares in the last quarter. 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 buying an additional 300 shares during the period. Root Financial Partners LLC increased its position in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after buying an additional 175 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 3.9%

Shares of NYSE:BLDR opened at $69.87 on Friday. Builders FirstSource has a 52-week low of $65.10 and a 52-week high of $151.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The company has a market capitalization of $7.52 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 1.73 and a beta of 1.42. The company has a 50-day simple moving average of $77.14 and a 200 day simple moving average of $91.94.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.Builders FirstSource’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period last year, the firm earned $1.51 EPS. Sell-side analysts forecast that Builders FirstSource will post 4.29 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved 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 reacquire 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 shares are 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.