Zelman & Associates Reaffirms Underperform Rating for Builders FirstSource (NYSE:BLDR)

Builders FirstSource (NYSE:BLDR)‘s stock had its “underperform” rating reaffirmed by analysts at Zelman & Associates in a report issued on Friday,Benzinga reports.

A number of other research firms have also issued reports on BLDR. Wedbush reduced their target price on Builders FirstSource from $190.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, June 20th. Stifel Nicolaus cut their price target on Builders FirstSource from $125.00 to $118.00 and set a “hold” rating for the company in a report on Monday, May 5th. Raymond James Financial reiterated an “outperform” rating and issued a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Stephens cut their price target on Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Finally, Barclays cut their price target on Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.42.

Builders FirstSource Stock Performance

NYSE BLDR opened at $123.24 on Friday. 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 has a 52-week low of $102.60 and a 52-week high of $203.14. The business’s 50-day moving average price is $117.47 and its 200 day moving average price is $129.94. The firm has a market cap of $13.62 billion, a P/E ratio of 15.80, a P/E/G ratio of 8.04 and a beta of 1.69.

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

Builders FirstSource declared that its board has authorized a stock buyback plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $548,350. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul S. Levy bought 283,517 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the purchase, the director owned 1,672,687 shares in the company, valued at approximately $186,019,521.27. The trade was a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 505,000 shares of company stock valued at $56,032,120. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Hedge funds have recently made changes to their positions in the business. IMA Advisory Services Inc. acquired a new stake in shares of Builders FirstSource during the 1st quarter worth about $31,000. Sentry Investment Management LLC bought a new position in Builders FirstSource during the 1st quarter worth approximately $40,000. CX Institutional bought a new position in Builders FirstSource during the 1st quarter worth approximately $45,000. New Age Alpha Advisors LLC bought a new position in Builders FirstSource during the 4th quarter worth approximately $74,000. Finally, Mather Group LLC. raised its holdings in Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company’s stock worth $74,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds 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.