Builders FirstSource (NYSE:BLDR) Given New $200.00 Price Target at Stephens

Builders FirstSource (NYSE:BLDR) had its price target upped by Stephens from $178.00 to $200.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued research reports about the stock. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada increased their price target on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Bank of America raised their target price on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, UBS Group started coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 price objective on the stock. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.47.

Builders FirstSource Trading Down 0.5 %

NYSE:BLDR traded down $0.84 during mid-day trading on Thursday, hitting $178.35. 1,353,117 shares of the stock traded hands, compared to its average volume of 1,577,794. 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 $20.53 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 10.17 and a beta of 2.08. Builders FirstSource has a 52 week low of $120.80 and a 52 week high of $214.70. The firm’s 50 day moving average is $184.71 and its two-hundred day moving average is $168.52.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.24 earnings per share. On average, equities research analysts predict that Builders FirstSource will post 11.69 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has authorized a stock 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 repurchase 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 shares are undervalued.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $267,132,000. Diamond Hill Capital Management Inc. acquired a new stake in Builders FirstSource in the third quarter valued at approximately $255,867,000. Massachusetts Financial Services Co. MA increased its position in shares of Builders FirstSource by 339.8% in the second 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. Robeco Institutional Asset Management B.V. raised its stake in shares of Builders FirstSource by 109.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company’s stock worth $175,366,000 after buying an additional 473,238 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of Builders FirstSource by 477,028.7% during the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after buying an additional 448,407 shares in the last quarter. Hedge funds and other 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.