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

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

A number of equities analysts recently commented on BLDR shares. Barclays dropped their price objective on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. Raymond James reaffirmed an "outperform" rating and issued a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. BMO Capital Markets decreased their price target on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research note on Monday, May 5th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $132.00 price target on shares of Builders FirstSource in a research report on Thursday, May 15th.

Builders FirstSource Stock Down 3.4%

Shares of NYSE BLDR traded down $3.88 during mid-day trading on Thursday, reaching $111.17. The company had a trading volume of 1,414,687 shares, compared to its average volume of 1,673,841. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource has a twelve month low of $102.60 and a twelve month high of $203.14. The stock's 50 day moving average is $114.76 and its 200-day moving average is $137.01. The stock has a market capitalization of $12.29 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.69.

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

Builders FirstSource declared that its board has approved a share repurchase program on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Insider Activity at Builders FirstSource

In related news, Director Dirkson R. Charles purchased 5,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company's stock, valued at approximately $548,350. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul S. Levy acquired 283,517 shares of the business's stock in a transaction on Thursday, May 8th. The shares were bought at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the acquisition, the director now owns 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. This trade represents a 20.41% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 505,000 shares of company stock valued at $56,032,120 over the last quarter. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after buying an additional 134 shares in the last quarter. Mountain Lake Investment Management LLC increased its holdings in Builders FirstSource by 7.0% during the 4th 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 in the last quarter. Fisher Asset Management LLC raised its position in Builders FirstSource by 14.9% in the 4th 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 last quarter. Fiera Capital Corp bought a new position in Builders FirstSource in the 4th quarter valued at $27,089,000. Finally, Benjamin Edwards Inc. boosted its stake in Builders FirstSource by 36.1% in the fourth quarter. Benjamin Edwards Inc. now owns 11,188 shares of the company's stock worth $1,599,000 after purchasing an additional 2,967 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.