Builders FirstSource, Inc. (NYSE:BLDR) Given Consensus Rating of "Moderate Buy" by Analysts

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-one research firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $167.58.

A number of analysts have recently commented on the stock. Barclays reduced their price target on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. BMO Capital Markets lowered their price target on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a report on Monday, May 5th. Loop Capital decreased their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Benchmark decreased their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $132.00 price target on shares of Builders FirstSource in a research note on Thursday, May 15th.

Builders FirstSource Stock Down 1.5%

NYSE:BLDR traded down $1.68 on Friday, reaching $108.16. 1,382,517 shares of the stock traded hands, compared to its average volume of 1,679,052. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.80 and a beta of 1.79. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource has a 12 month low of $103.81 and a 12 month high of $203.14. The company's fifty day simple moving average is $119.12 and its 200 day simple moving average is $144.42.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released 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. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Builders FirstSource's revenue was down 6.0% compared to the same quarter last year. During the same period last year, the business earned $2.65 EPS. Equities analysts predict that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its board has authorized a share repurchase program on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of Builders FirstSource

Large investors have recently made changes to their positions in the business. IMA Advisory Services Inc. bought a new stake in shares of Builders FirstSource in the 1st quarter worth about $31,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource during the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new position in Builders FirstSource during the 4th quarter valued at about $34,000. Sentry Investment Management LLC bought a new position in Builders FirstSource during the 1st quarter valued at about $40,000. Finally, CX Institutional bought a new position in Builders FirstSource during the 1st quarter valued at about $45,000. 95.53% of the stock is currently owned by institutional investors.

About Builders FirstSource

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.