Builders FirstSource (NYSE:BLDR) Given New $70.00 Price Target at Stifel Nicolaus

Builders FirstSource (NYSE:BLDR) had its price target reduced by Stifel Nicolaus from $76.00 to $70.00 in a research report report published on Thursday, Marketbeat Ratings reports. They currently have a hold rating on the stock.

Several other brokerages have also recently commented on BLDR. The Goldman Sachs Group decreased their price target on shares of Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. Stephens reduced their price objective on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, April 27th. Benchmark decreased their target price on Builders FirstSource from $138.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 1st. Raymond James Financial lowered their target price on Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. Finally, Wolfe Research upgraded Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $100.35.

Builders FirstSource Stock Down 0.7%

Shares of BLDR opened at $70.53 on Thursday. The stock has a market capitalization of $7.59 billion, a PE ratio of 27.02, a P/E/G ratio of 1.69 and a beta of 1.42. Builders FirstSource has a 1 year low of $65.10 and a 1 year high of $151.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The company’s 50-day simple moving average is $77.06 and its 200-day simple moving average is $91.47.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.12). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the business posted $1.51 EPS. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. Analysts forecast that Builders FirstSource will post 4.29 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a stock buyback plan on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cromwell Holdings LLC increased its position in Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 132 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the period. Root Financial Partners LLC boosted its stake in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake in shares of Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after buying an additional 175 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.