Builders FirstSource (NYSE:BLDR) Now Covered by UBS Group

Equities researchers at UBS Group started coverage on shares of Builders FirstSource (NYSE:BLDR) in a research note issued on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $232.00 price target on the stock. UBS Group’s price objective points to a potential upside of 27.70% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Wedbush reissued an “outperform” rating and set a $175.00 price target on shares of Builders FirstSource in a report on Tuesday, August 6th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Monday, September 23rd. Bank of America raised their price target on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Baird R W raised Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Robert W. Baird raised their price target on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.35.

Builders FirstSource Trading Up 1.4 %

NYSE:BLDR opened at $181.67 on Friday. The company has a market cap of $22.17 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 11.48 and a beta of 2.06. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. The company has a 50 day simple moving average of $183.52 and a two-hundred day simple moving average of $169.27. Builders FirstSource has a 12 month low of $105.24 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.48. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.89 earnings per share. Research analysts forecast that Builders FirstSource will post 11.68 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has authorized a stock buyback program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Craig Arthur Steinke sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BLDR. J.W. Cole Advisors Inc. acquired a new stake in Builders FirstSource during the third quarter worth approximately $246,000. PFG Investments LLC acquired a new stake in Builders FirstSource during the third quarter worth approximately $521,000. Forsta AP Fonden raised its holdings in Builders FirstSource by 12.1% during the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock worth $5,195,000 after purchasing an additional 2,900 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Builders FirstSource by 21.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,313 shares of the company’s stock worth $1,615,000 after purchasing an additional 1,442 shares in the last quarter. Finally, Highland Capital Management LLC raised its holdings in Builders FirstSource by 1,975.9% during the third quarter. Highland Capital Management LLC now owns 30,350 shares of the company’s stock worth $5,884,000 after purchasing an additional 28,888 shares in the last quarter. Hedge funds and other 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.