Builders FirstSource, Inc. (NYSE:BLDR) Receives $101.45 Consensus Price Target from Analysts

Builders FirstSource, Inc. (NYSE:BLDR) has been assigned an average recommendation of “Hold” from the twenty-two brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $101.4481.

A number of research analysts recently issued reports on BLDR shares. Raymond James Financial decreased their target price on shares of Builders FirstSource from $140.00 to $100.00 in a research report on Friday, May 1st. Wells Fargo & Company reduced their price objective on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a report on Monday, May 4th. Oppenheimer set a $121.00 target price on Builders FirstSource in a research note on Friday, May 1st. Finally, Jefferies Financial Group dropped their target price on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, May 4th.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds and other institutional investors have recently made changes to their positions in the company. Schwartz Investment Counsel Inc. grew its holdings in Builders FirstSource by 17.1% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock valued at $9,857,000 after buying an additional 14,000 shares during the period. Eagle Global Advisors LLC lifted its holdings in shares of Builders FirstSource by 46.3% during the 4th quarter. Eagle Global Advisors LLC now owns 60,242 shares of the company’s stock worth $6,198,000 after acquiring an additional 19,062 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Builders FirstSource by 10.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock worth $24,993,000 after acquiring an additional 22,270 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Builders FirstSource by 13.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,872,708 shares of the company’s stock worth $192,683,000 after acquiring an additional 221,641 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Builders FirstSource by 99,084.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after purchasing an additional 2,239,301 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 0.0%

Shares of BLDR stock opened at $74.23 on Friday. Builders FirstSource has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The firm has a market capitalization of $7.98 billion, a PE ratio of 28.44, a P/E/G ratio of 1.77 and a beta of 1.42. 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 stock’s 50-day simple moving average is $77.24 and its 200-day simple moving average is $92.38.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the prior year, the company earned $1.51 EPS. Builders FirstSource’s quarterly revenue was down 10.1% on a year-over-year basis. Equities analysts expect that Builders FirstSource will post 4.29 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.