Stephens Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its price objective cut by research analysts at Stephens from $145.00 to $140.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Stephens’ target price would suggest a potential upside of 22.87% from the company’s previous close.

A number of other equities analysts have also recently commented on BLDR. BMO Capital Markets lowered their price target on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Stifel Nicolaus lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating and decreased their price target for the company from $156.00 to $125.00 in a report on Tuesday, April 29th. Royal Bank of Canada lowered their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Finally, Truist Financial cut their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.53.

Builders FirstSource Trading Up 1.8 %

Shares of NYSE:BLDR opened at $113.94 on Friday. The business’s 50 day simple moving average is $124.81 and its 200 day simple moving average is $151.11. Builders FirstSource has a 1 year low of $110.84 and a 1 year high of $203.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market capitalization of $12.96 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter last year, the business earned $2.65 earnings per share. Builders FirstSource’s revenue was down 6.0% on a year-over-year basis. On average, research analysts anticipate that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its board has approved a stock repurchase program on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors have recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Builders FirstSource by 3.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after acquiring an additional 64 shares in the last quarter. Integrated Investment Consultants LLC raised its holdings in shares of Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after purchasing an additional 65 shares during the period. TFB Advisors LLC boosted its position in shares of Builders FirstSource by 2.1% during the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after purchasing an additional 79 shares in the last quarter. HighPoint Advisor Group LLC grew its stake in shares of Builders FirstSource by 5.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock valued at $262,000 after buying an additional 83 shares during the period. Finally, Aptus Capital Advisors LLC increased its position in Builders FirstSource by 6.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company’s stock valued at $214,000 after buying an additional 85 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

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.