Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $102.60 and last traded at $105.55, with a volume of 2245143 shares trading hands. The stock had previously closed at $107.68.
Wall Street Analyst Weigh In
BLDR has been the topic of a number of analyst reports. Stephens decreased their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Robert W. Baird set a $130.00 price objective on Builders FirstSource in a research note on Friday, May 2nd. UBS Group decreased their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Benchmark decreased their target price on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $132.00 target price on shares of Builders FirstSource in a research note on Thursday, May 15th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $167.58.
Check Out Our Latest Research Report on BLDR
Builders FirstSource Price Performance
The business has a fifty day moving average price of $115.49 and a 200-day moving average price of $139.63. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $12.34 billion, a PE ratio of 12.33, a PEG ratio of 0.80 and a beta of 1.69.
Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the prior year, the business earned $2.65 EPS. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. Research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.
Builders FirstSource announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
Insider Activity at Builders FirstSource
In related news, Director Paul S. Levy bought 216,483 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average cost of $110.65 per share, for a total transaction of $23,953,843.95. Following the acquisition, the director now directly owns 1,389,170 shares of the company's stock, valued at $153,711,660.50. The trade was a 18.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dirkson R. Charles purchased 5,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were acquired at an average cost of $109.67 per share, with a total value of $548,350.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 505,000 shares of company stock worth $56,032,120 in the last ninety days. 2.00% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Inspire Investing LLC raised its position in Builders FirstSource by 8.7% during the 1st quarter. Inspire Investing LLC now owns 13,024 shares of the company's stock valued at $1,627,000 after purchasing an additional 1,045 shares during the last quarter. Strs Ohio bought a new position in shares of Builders FirstSource in the 1st quarter worth approximately $11,869,000. Jacobi Capital Management LLC bought a new position in shares of Builders FirstSource in the 1st quarter worth approximately $225,000. Focus Partners Wealth raised its position in shares of Builders FirstSource by 2.0% in the 1st quarter. Focus Partners Wealth now owns 21,728 shares of the company's stock worth $2,715,000 after acquiring an additional 427 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Builders FirstSource by 14.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,858 shares of the company's stock worth $80,069,000 after acquiring an additional 82,588 shares in the last quarter. Institutional investors own 95.53% of the company's stock.
Builders FirstSource Company Profile
(
Get Free Report)
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.
Further Reading
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