Builders FirstSource (NYSE:BLDR) Stock Rating Lowered by Stifel Nicolaus

Stifel Nicolaus downgraded shares of Builders FirstSource (NYSE:BLDR - Free Report) from a buy rating to a hold rating in a report released on Tuesday morning, MarketBeat reports. The firm currently has $125.00 price target on the stock, down from their prior price target of $156.00.

A number of other research analysts have also recently issued reports on the stock. Truist Financial cut their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Royal Bank of Canada cut their price objective on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Raymond James reaffirmed an "outperform" rating and issued a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price objective on the stock. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $185.21.

Builders FirstSource Price Performance

BLDR stock traded down $7.59 during trading on Tuesday, hitting $112.04. The company had a trading volume of 3,460,677 shares, compared to its average volume of 1,696,651. The company has a fifty day moving average price of $125.35 and a two-hundred day moving average price of $152.00. Builders FirstSource has a fifty-two week low of $110.84 and a fifty-two week high of $203.14. The company has a market cap of $12.74 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.80 and a beta of 1.99. 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 (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.35 by $0.16. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Builders FirstSource's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.65 EPS. Equities research analysts expect that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a share repurchase program on Thursday, May 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently made changes to their positions in BLDR. Invst LLC boosted its holdings in shares of Builders FirstSource by 2.1% in the 3rd quarter. Invst LLC now owns 5,723 shares of the company's stock valued at $1,109,000 after purchasing an additional 117 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Builders FirstSource during the 3rd quarter worth $349,000. Wilmington Savings Fund Society FSB acquired a new stake in Builders FirstSource in the third quarter valued at about $827,000. Tidal Investments LLC raised its stake in Builders FirstSource by 129.4% during the third quarter. Tidal Investments LLC now owns 19,845 shares of the company's stock worth $3,847,000 after acquiring an additional 11,194 shares in the last quarter. Finally, American Trust lifted its holdings in shares of Builders FirstSource by 5.0% in the third quarter. American Trust now owns 3,626 shares of the company's stock worth $703,000 after acquiring an additional 174 shares during 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.