Brokerages Set Builders FirstSource, Inc. (NYSE:BLDR) Target Price at $163.11

Shares of Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty brokerages that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $159.42.

A number of research firms have recently commented on BLDR. Raymond James Financial restated an "outperform" rating and issued a $140.00 price objective (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Stephens dropped their price target on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price target on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Wedbush dropped their target price on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, June 20th. Finally, Robert W. Baird set a $130.00 price target on Builders FirstSource in a research note on Friday, May 2nd.

Insider Activity

In related news, Director Dirkson R. Charles purchased 5,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were bought at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at $548,350. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul S. Levy purchased 283,517 shares of the business's stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the acquisition, the director owned 1,672,687 shares in the company, valued at $186,019,521.27. This trade represents a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 505,000 shares of company stock worth $56,032,120. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Builders FirstSource by 3.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock valued at $278,000 after acquiring an additional 64 shares during the last quarter. HighPoint Advisor Group LLC increased its holdings in shares of Builders FirstSource by 5.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock valued at $262,000 after acquiring an additional 83 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of Builders FirstSource by 6.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock valued at $214,000 after acquiring an additional 85 shares during the last quarter. Auxano Advisors LLC increased its holdings in shares of Builders FirstSource by 3.8% in the 1st quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock valued at $310,000 after acquiring an additional 91 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Builders FirstSource by 2.3% in the 4th quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock valued at $628,000 after acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded up $2.24 on Monday, reaching $135.24. The company's stock had a trading volume of 2,793,014 shares, compared to its average volume of 1,730,058. The company has a market capitalization of $14.95 billion, a P/E ratio of 17.34, a PEG ratio of 8.47 and a beta of 1.69. Builders FirstSource has a 52-week low of $102.60 and a 52-week high of $203.14. The stock has a 50-day moving average price of $115.34 and a 200-day moving average price of $130.79. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS 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 analysts' expectations of $3.67 billion. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The business's revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.65 earnings per share. Analysts expect that Builders FirstSource will post 11.59 EPS for the current year.

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

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.