Builders FirstSource, Inc. (NYSE:BLDR) Receives $90.35 Average Price Target from Analysts

Builders FirstSource, Inc. (NYSE:BLDR) has been given an average recommendation of “Hold” by the twenty-three ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $90.3529.

BLDR has been the subject of a number of recent analyst reports. Bank of America decreased their price target on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Jefferies Financial Group dropped their price objective on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Weiss Ratings cut Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Wells Fargo & Company decreased their target price on Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, July 31st. Finally, Loop Capital lowered their target price on Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds have recently modified their holdings of the business. Formula Growth Ltd. acquired a new stake in shares of Builders FirstSource in the second quarter worth $358,000. Public Employees Retirement System of Ohio acquired a new position in Builders FirstSource during the 2nd quarter valued at $2,672,000. Littlejohn & Co. LLC acquired a new position in Builders FirstSource during the 2nd quarter valued at $15,271,641,000. Hauser Brothers GmbH bought a new stake in Builders FirstSource in the 2nd quarter valued at $11,533,972,000. Finally, Proficio Capital Partners LLC bought a new stake in Builders FirstSource in the 2nd quarter valued at $426,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $70.17 on Tuesday. The firm has a fifty day simple moving average of $76.53 and a 200-day simple moving average of $85.65. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource has a 1-year low of $65.10 and a 1-year high of $151.03. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 77.11, a PEG ratio of 2.35 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.Builders FirstSource’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.38 earnings per share. On average, sell-side analysts expect that Builders FirstSource will post 3.15 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a share repurchase program on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Builders FirstSource Company Profile

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.