Builders FirstSource, Inc. (NYSE:BLDR) Given Average Recommendation of “Moderate Buy” by Brokerages

Builders FirstSource, Inc. (NYSE:BLDR) has earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $167.58.

BLDR has been the subject of several research reports. UBS Group reduced their price objective on shares of Builders FirstSource from $180.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Robert W. Baird set a $130.00 price objective on shares of Builders FirstSource in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They set a “buy” rating and a $151.00 price objective for the company. Barclays reduced their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Finally, Stifel Nicolaus reduced their price objective on shares of Builders FirstSource from $125.00 to $118.00 and set a “hold” rating for the company in a research note on Monday, May 5th.

Builders FirstSource Stock Performance

Shares of BLDR opened at $120.57 on Friday. The firm has a 50-day moving average price of $120.65 and a 200 day moving average price of $146.38. The firm has a market capitalization of $13.33 billion, a PE ratio of 13.31, a P/E/G ratio of 0.80 and a beta of 1.79. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource has a 52-week low of $103.81 and a 52-week high of $203.14.

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

Builders FirstSource declared that its board has approved a share repurchase program on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Builders FirstSource

A number of hedge funds have recently added to or reduced their stakes in BLDR. Park Avenue Securities LLC increased its holdings in Builders FirstSource by 46.5% in the fourth quarter. Park Avenue Securities LLC now owns 6,088 shares of the company’s stock worth $870,000 after buying an additional 1,932 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Builders FirstSource by 104.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 655 shares of the company’s stock valued at $94,000 after purchasing an additional 334 shares during the last quarter. Gateway Investment Advisers LLC raised its position in shares of Builders FirstSource by 30.1% in the fourth quarter. Gateway Investment Advisers LLC now owns 4,045 shares of the company’s stock valued at $578,000 after purchasing an additional 936 shares during the period. Avanza Fonder AB acquired a new stake in shares of Builders FirstSource in the fourth quarter worth $1,873,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Builders FirstSource in the fourth quarter worth $233,000. 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.