Oppenheimer Cuts Builders FirstSource (NYSE:BLDR) Price Target to $155.00

Builders FirstSource (NYSE:BLDR - Get Free Report) had its price objective reduced by investment analysts at Oppenheimer from $165.00 to $155.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Oppenheimer's price objective would suggest a potential upside of 16.20% from the company's current price.

A number of other equities analysts have also recently issued reports on BLDR. Robert W. Baird set a $130.00 target price on shares of Builders FirstSource in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective for the company. 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. Barclays cut their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, BMO Capital Markets cut their price objective on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research report on Monday, May 5th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given 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 target price of $159.42.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded down $1.73 during midday trading on Thursday, hitting $133.39. The company had a trading volume of 1,602,443 shares, compared to its average volume of 1,723,774. 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 has a twelve month low of $102.60 and a twelve month high of $203.14. The business has a 50-day simple moving average of $115.73 and a two-hundred day simple moving average of $130.69. The firm has a market capitalization of $14.74 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 8.60 and a beta of 1.69.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results 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. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.65 earnings per share. Equities research analysts anticipate that Builders FirstSource will post 11.59 earnings per share for the current year.

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

Insider Buying and Selling at Builders FirstSource

In other news, Director Dirkson R. Charles bought 5,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the purchase, the director owned 5,000 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul S. Levy bought 283,517 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was purchased at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the purchase, the director directly owned 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 bought 505,000 shares of company stock valued at $56,032,120 over the last 90 days. Insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Builders FirstSource by 3.4% in the fourth 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 in the last quarter. HighPoint Advisor Group LLC raised its holdings in Builders FirstSource by 5.2% in the fourth 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 in the last quarter. Aptus Capital Advisors LLC raised its holdings in Builders FirstSource by 6.0% in the fourth 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 in the last quarter. Auxano Advisors LLC raised its holdings in Builders FirstSource by 3.8% in the first quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock valued at $310,000 after acquiring an additional 91 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in Builders FirstSource by 2.3% in the fourth 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 in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

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.