Builders FirstSource, Inc. (NYSE:BLDR) Receives $180.47 Consensus Target Price from Analysts

Builders FirstSource, Inc. (NYSE:BLDR) has been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $180.47.

Several equities research analysts recently commented on BLDR shares. B. Riley reduced their price objective on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 target price (down previously from $230.00) on shares of Builders FirstSource in a research report on Thursday, August 8th. Benchmark decreased their target price on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Wedbush restated an “outperform” rating and issued a $175.00 price target on shares of Builders FirstSource in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $185.00 price objective (down previously from $205.00) on shares of Builders FirstSource in a research report on Friday, August 9th.

Insider Buying and Selling

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource stock in a transaction 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 sale, the director now directly owns 95,333 shares in the company, valued at approximately $14,650,775.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction 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 sale, the director now owns 95,333 shares in the company, valued at $14,650,775.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the sale, the insider now owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,993 shares of company stock valued at $6,937,807. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors and hedge funds have recently modified their holdings of BLDR. EdgeRock Capital LLC purchased a new position in shares of Builders FirstSource during the 4th quarter worth about $25,000. Westside Investment Management Inc. bought a new position in shares of Builders FirstSource during the first quarter valued at approximately $31,000. ORG Partners LLC purchased a new stake in shares of Builders FirstSource in the first quarter worth approximately $33,000. American Capital Advisory LLC bought a new stake in shares of Builders FirstSource during the 1st quarter worth approximately $34,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Builders FirstSource during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 0.5 %

NYSE:BLDR opened at $164.14 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. The firm has a market cap of $20.03 billion, a P/E ratio of 14.05, a P/E/G ratio of 2.57 and a beta of 2.04. Builders FirstSource has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The firm has a 50-day simple moving average of $151.31 and a two-hundred day simple moving average of $172.46.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results 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. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter last year, the firm earned $3.89 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Analysts predict that Builders FirstSource will post 12.91 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

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.