Builders FirstSource, Inc. (NYSE:BLDR) Given Average Rating of “Moderate Buy” by Analysts

Builders FirstSource, Inc. (NYSE:BLDR) has received an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $203.50.

A number of analysts have weighed in on BLDR shares. Wedbush restated an “outperform” rating and issued a $175.00 target price on shares of Builders FirstSource in a research report on Tuesday, August 6th. B. Riley reduced their target price on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada cut their price target on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Robert W. Baird raised their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, UBS Group started coverage on Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 target price for the company.

Insiders Place Their Bets

In other news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $153.68, for a total value of $4,610,400.00. Following the sale, the director now directly owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Builders FirstSource

Several large investors have recently added to or reduced their stakes in BLDR. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource during the third quarter worth about $267,132,000. Boston Partners grew its stake in Builders FirstSource by 0.8% in the 1st quarter. Boston Partners now owns 1,377,335 shares of the company’s stock worth $285,794,000 after buying an additional 10,551 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of Builders FirstSource in the 3rd quarter worth $255,867,000. Massachusetts Financial Services Co. MA raised its position in shares of Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock valued at $163,373,000 after buying an additional 911,990 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Builders FirstSource by 22.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock worth $147,059,000 after acquiring an additional 196,571 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 5.0 %

BLDR opened at $180.99 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $21.08 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 10.15 and a beta of 2.08. The company has a 50-day simple moving average of $184.50 and a 200 day simple moving average of $168.39. Builders FirstSource has a twelve month low of $120.80 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.48. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. Builders FirstSource’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $3.89 earnings per share. Analysts predict that Builders FirstSource will post 11.69 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Builders FirstSource Company Profile

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.