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

Builders FirstSource, Inc. (NYSE:BLDR) has been assigned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are covering the company, Marketbeat Ratings reports. Five investment 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 12-month target price among analysts that have covered the stock in the last year is $167.58.

BLDR has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $132.00 price objective on shares of Builders FirstSource in a research report on Thursday, May 15th. Loop Capital cut their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Barclays cut 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 report on Friday, May 2nd. Stifel Nicolaus cut 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 report on Monday, May 5th. Finally, Truist Financial cut their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st.

Insider Buying and Selling

In related news, Director Paul S. Levy acquired 283,517 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was purchased 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 now owns 1,672,687 shares in the company, valued at $186,019,521.27. This trade represents a 20.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dirkson R. Charles acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $548,350. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 505,000 shares of company stock valued at $56,032,120. 2.00% of the stock is owned by insiders.

Institutional Trading of Builders FirstSource

A number of institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in Builders FirstSource in the fourth quarter worth $34,000. IMA Advisory Services Inc. purchased a new position in shares of Builders FirstSource in the 1st quarter worth about $31,000. Sentry Investment Management LLC bought a new stake in Builders FirstSource in the 1st quarter worth about $40,000. Avion Wealth increased its holdings in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after buying an additional 306 shares in the last quarter. Finally, CX Institutional bought a new stake in Builders FirstSource in the 1st quarter worth about $45,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR opened at $114.29 on Thursday. Builders FirstSource has a one year low of $102.60 and a one year high of $203.14. The company has a market cap of $12.63 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.80 and a beta of 1.70. The firm’s fifty day moving average price is $114.89 and its two-hundred day moving average price is $138.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

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

Builders FirstSource announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board 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.