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

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

Several equities analysts have commented on the stock. Benchmark decreased their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price target on the stock. 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. BMO Capital Markets decreased their target price on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research report on Monday, May 5th. Finally, Stifel Nicolaus reduced their price target on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a research note on Monday, May 5th.

Builders FirstSource Stock Up 0.5%

Shares of Builders FirstSource stock traded up $0.53 on Thursday, reaching $114.89. 1,402,201 shares of the company were exchanged, compared to its average volume of 1,675,694. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.80 and a beta of 1.70. 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 one year low of $102.60 and a one year high of $203.14. The company has a 50-day moving average of $114.89 and a 200 day moving average of $138.36.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the business posted $2.65 EPS. Builders FirstSource's revenue was down 6.0% on a year-over-year basis. On average, equities research analysts forecast that Builders FirstSource will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a stock buyback program on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Dirkson R. Charles acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price of $109.67 per share, with a total value of $548,350.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $548,350. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul S. Levy bought 216,483 shares of the company's stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $110.65 per share, with a total value of $23,953,843.95. Following the completion of the transaction, the director now directly owns 1,389,170 shares of the company's stock, valued at approximately $153,711,660.50. The trade was a 18.46% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 505,000 shares of company stock valued at $56,032,120. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its position in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after acquiring an additional 134 shares during the period. Mountain Lake Investment Management LLC increased its holdings in Builders FirstSource by 7.0% in the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock valued at $5,201,000 after purchasing an additional 2,367 shares during the period. Fisher Asset Management LLC increased its holdings in Builders FirstSource by 14.9% in the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after purchasing an additional 25,535 shares during the period. Fiera Capital Corp acquired a new position in Builders FirstSource during the 4th quarter worth about $27,089,000. Finally, Benjamin Edwards Inc. grew its position in shares of Builders FirstSource by 36.1% in the 4th quarter. Benjamin Edwards Inc. now owns 11,188 shares of the company's stock valued at $1,599,000 after buying an additional 2,967 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

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.