Builders FirstSource, Inc. (NYSE:BLDR) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts give Builders FirstSource a consensus "Hold" rating from 23 firms (4 sell, 9 hold, 10 buy) with an average 12‑month price target of $126.65.
• The company missed its last quarter — EPS $1.12 vs. $1.30 expected and revenue $3.36B vs. $3.46B, with revenue down 12.1% year‑over‑year.
• Director Paul S. Levy made an insider purchase of 50,000 shares at $87.73 (~$4.39M) while institutional investors own 95.53% of the stock; shares recently traded around $78.85, near the one‑year low of $76.50.

Shares of Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) have been assigned an average rating of "Hold" from the twenty-three ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $126.6532.

BLDR has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their target price on Builders FirstSource from $115.00 to $120.00 and gave the stock a "cautious" rating in a research note on Wednesday, February 11th. Robert W. Baird lowered their target price on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 18th. Stephens reiterated an "equal weight" rating and set a $125.00 target price on shares of Builders FirstSource in a research note on Tuesday, March 24th. Weiss Ratings cut Builders FirstSource from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, March 20th. Finally, Royal Bank Of Canada upgraded Builders FirstSource from a "sector perform" rating to an "outperform" rating and set a $119.00 price objective on the stock in a research note on Thursday, March 5th.

Builders FirstSource Trading Down 3.9%

NYSE BLDR opened at $78.85 on Wednesday. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.91 and a beta of 1.63. Builders FirstSource has a one year low of $76.50 and a one year high of $151.03. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. The business's fifty day moving average is $99.98 and its 200-day moving average is $109.18.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing analysts' consensus estimates of $1.30 by ($0.18). The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The company's revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.31 earnings per share. Equities research analysts predict that Builders FirstSource will post 11.59 EPS for the current year.

Insider Transactions at Builders FirstSource

In other news, Director Paul S. Levy acquired 50,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the purchase, the director owned 1,727,191 shares of the company's stock, valued at approximately $151,526,466.43. The trade was a 2.98% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Builders FirstSource

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Builders FirstSource by 2.3% in the 4th quarter. State Street Corp now owns 5,108,120 shares of the company's stock valued at $525,574,000 after acquiring an additional 115,857 shares during the period. Capital International Investors purchased a new position in Builders FirstSource during the 3rd quarter valued at about $429,640,000. Wellington Management Group LLP grew its holdings in Builders FirstSource by 2.3% during the 4th quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company's stock valued at $341,265,000 after buying an additional 73,835 shares in the last quarter. Geode Capital Management LLC grew its holdings in Builders FirstSource by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company's stock valued at $288,789,000 after buying an additional 14,420 shares in the last quarter. Finally, Sands Capital Management LLC grew its holdings in Builders FirstSource by 13.5% during the 4th quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company's stock valued at $283,767,000 after buying an additional 327,067 shares in the last quarter. 95.53% of the stock is currently owned by 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.

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