Builders FirstSource, Inc. (NYSE:BLDR) Receives $206.47 Average Target Price from Analysts

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have received an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $206.47.

A number of research firms recently weighed in on BLDR. B. Riley dropped their price objective on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and upped their price target for the company from $165.00 to $220.00 in a research report on Monday, September 16th. Benchmark reduced their price objective on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Baird R W upgraded Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Stephens raised their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th.

Builders FirstSource Stock Performance

NYSE BLDR opened at $185.77 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The stock’s 50 day simple moving average is $186.26 and its 200-day simple moving average is $168.02. The company has a market cap of $21.38 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.00 and a beta of 2.08. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data 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 net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the business posted $4.24 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, equities research analysts anticipate that Builders FirstSource will post 11.56 EPS for the current fiscal year.

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

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors have recently bought and sold shares of BLDR. Cyndeo Wealth Partners LLC grew its stake in shares of Builders FirstSource by 3.7% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock worth $305,000 after acquiring an additional 56 shares in the last quarter. World Equity Group Inc. boosted its holdings in Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after purchasing an additional 64 shares during the period. HighTower Advisors LLC grew its stake in Builders FirstSource by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after purchasing an additional 64 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Builders FirstSource by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after purchasing an additional 74 shares during the period. Finally, First Horizon Advisors Inc. raised its position in Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

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.