Analysts Set Builders FirstSource, Inc. (NYSE:BLDR) Price Target at $200.35

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $203.50.

Several equities analysts have recently issued reports on BLDR shares. Oppenheimer reiterated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Monday, September 23rd. Bank of America upped their target price on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. The Goldman Sachs Group started coverage on Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target on the stock. Finally, Stifel Nicolaus cut their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $172.02 on Wednesday. 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 50 day moving average of $184.65 and a two-hundred day moving average of $168.68. Builders FirstSource has a 52 week low of $119.99 and a 52 week high of $214.70. The company has a market cap of $20.03 billion, a P/E ratio of 15.14, a PEG ratio of 10.20 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 business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business’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. As a group, analysts anticipate that Builders FirstSource will post 11.69 EPS for the current year.

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

Insider Buying and Selling at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the transaction, the director now directly owns 95,333 shares of the company’s stock, valued at $14,650,775.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Builders FirstSource

Large investors have recently added to or reduced their stakes in the stock. Diversified Trust Co bought a new position in shares of Builders FirstSource in the first quarter valued at approximately $559,000. Miracle Mile Advisors LLC bought a new position in Builders FirstSource in the 1st quarter worth $691,000. Norden Group LLC purchased a new stake in shares of Builders FirstSource in the 1st quarter worth about $265,000. Westside Investment Management Inc. purchased a new stake in shares of Builders FirstSource in the 1st quarter worth about $31,000. Finally, First Trust Direct Indexing L.P. grew its position in Builders FirstSource by 9.9% during the 1st quarter. First Trust Direct Indexing L.P. now owns 3,238 shares of the company’s stock valued at $675,000 after purchasing an additional 293 shares during 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.