Builders FirstSource, Inc. (NYSE:BLDR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been assigned a consensus rating of “Moderate Buy” from the twenty ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $163.11.

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a research note on Tuesday, April 1st. They issued a “buy” rating and a $151.00 price objective on the stock. Barclays dropped their target price on Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Wedbush dropped their target price on Builders FirstSource from $190.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, June 20th. Loop Capital dropped their target price on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird set a $130.00 target price on Builders FirstSource in a research report on Friday, May 2nd.

Insider Buying and Selling

In related news, Director Dirkson R. Charles bought 5,000 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of $109.67 per share, with a total value of $548,350.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $548,350. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul S. Levy bought 283,517 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was bought at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the transaction, the director owned 1,672,687 shares in the company, valued at $186,019,521.27. This trade represents a 20.41% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 505,000 shares of company stock valued at $56,032,120. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Builders FirstSource

A number of large investors have recently added to or reduced their stakes in BLDR. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the 4th quarter valued at $34,000. IMA Advisory Services Inc. bought a new stake in shares of Builders FirstSource during the 1st quarter valued at $31,000. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource during the 1st quarter valued at $40,000. CX Institutional bought a new stake in shares of Builders FirstSource during the 1st quarter valued at $45,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after acquiring an additional 134 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $126.41 on Monday. Builders FirstSource has a twelve month low of $102.60 and a twelve month high of $203.14. The stock’s 50 day moving average price is $114.38 and its 200-day moving average price is $131.07. The company has a market capitalization of $13.97 billion, a PE ratio of 16.21, a PEG ratio of 8.10 and a beta of 1.69. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the business earned $2.65 earnings per share. Builders FirstSource’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities analysts anticipate that Builders FirstSource will post 11.59 EPS for the current year.

Builders FirstSource announced that its board has approved a share repurchase program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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.