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

Shares of Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty research firms that are covering the firm, MarketBeat.com reports. Four 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 1 year price objective among brokers that have updated their coverage on the stock in the last year is $163.11.

A number of equities research analysts have commented on BLDR shares. Loop Capital dropped their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank Of Canada reissued an "outperform" rating and issued a $132.00 price objective on shares of Builders FirstSource in a research report on Thursday, May 15th. Raymond James Financial reissued 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. Barclays lowered their target price on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Stifel Nicolaus lowered their target price on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday, May 5th.

Insiders Place Their Bets

In other news, Director Paul S. Levy bought 283,517 shares of the stock in a transaction dated Thursday, May 8th. The shares were acquired at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the acquisition, the director directly owned 1,672,687 shares in the company, valued at approximately $186,019,521.27. The trade was a 20.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dirkson R. Charles bought 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the acquisition, the director owned 5,000 shares of the company's stock, valued at approximately $548,350. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 505,000 shares of company stock worth $56,032,120. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Builders FirstSource

Several hedge funds and other institutional investors have recently made changes to their positions in BLDR. IMA Advisory Services Inc. purchased a new stake in shares of Builders FirstSource in the first quarter valued at about $31,000. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at about $34,000. Sentry Investment Management LLC purchased a new stake in shares of Builders FirstSource in the first quarter valued at about $40,000. CX Institutional purchased a new stake in shares of Builders FirstSource in the first quarter valued at about $45,000. Finally, Smartleaf Asset Management LLC grew its position in 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 during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Down 1.8%

Shares of NYSE:BLDR traded down $2.24 during trading hours on Monday, reaching $124.98. The stock had a trading volume of 2,276,054 shares, compared to its average volume of 1,716,235. Builders FirstSource has a 1 year low of $102.60 and a 1 year high of $203.14. The firm's 50 day moving average is $114.45 and its 200-day moving average is $130.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.82. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 8.10 and a beta of 1.69.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced 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. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the prior year, the firm posted $2.65 EPS. The company's quarterly revenue was down 6.0% compared to the same quarter last year. Research analysts predict 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 plan 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 plans are usually an indication that the company's board believes its stock is 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.