Builders FirstSource (NYSE:BLDR) PT Raised to $211.00 at Barclays

Builders FirstSource (NYSE:BLDR) had its target price boosted by investment analysts at Barclays from $182.00 to $211.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 10.10% from the stock’s previous close.

BLDR has been the subject of several other reports. Baird R W raised Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Robert W. Baird raised Builders FirstSource from a “neutral” rating to an “outperform” rating and upped their target price for the company from $185.00 to $190.00 in a report on Wednesday, August 7th. Royal Bank of Canada lowered their target price on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. B. Riley lowered their target price on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Monday, September 23rd. Four investment 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 currently has a consensus rating of “Moderate Buy” and an average target price of $196.38.

Builders FirstSource Trading Down 1.4 %

NYSE:BLDR opened at $191.65 on Wednesday. Builders FirstSource has a 52-week low of $105.24 and a 52-week high of $214.70. The stock’s 50 day moving average price is $176.69 and its 200 day moving average price is $170.34. 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 company has a market capitalization of $23.39 billion, a PE ratio of 16.41, a P/E/G ratio of 11.56 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.48. The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $3.89 earnings per share. On average, research analysts anticipate that Builders FirstSource will post 11.68 EPS for the current year.

Builders FirstSource declared that its board has authorized a stock repurchase program on Tuesday, August 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource 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 owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Builders FirstSource

Several hedge funds and other institutional investors have recently modified their holdings of BLDR. Vanguard Personalized Indexing Management LLC grew its stake in Builders FirstSource by 0.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after buying an additional 74 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after buying an additional 75 shares during the period. Team Hewins LLC boosted its position in Builders FirstSource by 6.5% during the 1st quarter. Team Hewins LLC now owns 1,313 shares of the company’s stock valued at $274,000 after buying an additional 80 shares during the period. Csenge Advisory Group raised its holdings in Builders FirstSource by 1.9% in the 2nd quarter. Csenge Advisory Group now owns 4,252 shares of the company’s stock worth $589,000 after purchasing an additional 81 shares in the last quarter. Finally, Centaurus Financial Inc. raised its holdings in Builders FirstSource by 9.1% in the 2nd quarter. Centaurus Financial Inc. now owns 991 shares of the company’s stock worth $137,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

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.