Builders FirstSource (NYSE:BLDR) Price Target Raised to $200.00 at Stephens

Builders FirstSource (NYSE:BLDR) had its target price lifted by Stephens from $178.00 to $200.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Stephens’ target price suggests a potential upside of 13.03% from the stock’s previous close.

Several other research firms have also recently weighed in on BLDR. Robert W. Baird increased their price objective on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Jefferies Financial Group raised their price target on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Benchmark reduced their target price on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday. Finally, Baird R W raised Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $206.47.

Builders FirstSource Trading Up 0.1 %

Shares of BLDR stock traded up $0.17 during trading hours on Thursday, reaching $176.95. 799,797 shares of the stock traded hands, compared to its average volume of 1,574,082. Builders FirstSource has a 1-year low of $120.80 and a 1-year high of $214.70. The firm has a market capitalization of $20.61 billion, a PE ratio of 15.52, a PEG ratio of 10.15 and a beta of 2.08. 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 business has a fifty day moving average price of $184.58 and a 200 day moving average price of $168.44.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the firm earned $4.24 EPS. Builders FirstSource’s quarterly revenue was down 6.7% on a year-over-year basis. On average, equities research analysts forecast that Builders FirstSource will post 11.69 EPS for the current year.

Builders FirstSource announced that its board has initiated 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 buy up to 5.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Builders FirstSource

A number of large investors have recently added to or reduced their stakes in BLDR. Baillie Gifford & Co. bought a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $267,132,000. Boston Partners boosted its position in Builders FirstSource by 0.8% during the first quarter. Boston Partners now owns 1,377,335 shares of the company’s stock worth $285,794,000 after purchasing an additional 10,551 shares during the period. Diamond Hill Capital Management Inc. acquired a new position in shares of Builders FirstSource in the third quarter valued at $255,867,000. Massachusetts Financial Services Co. MA raised 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 purchasing an additional 911,990 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake 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 buying an additional 196,571 shares during the last quarter. Institutional investors and hedge funds 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.