Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) shares were up 5.1% on Friday . The company traded as high as $112.76 and last traded at $112.28. Approximately 1,361,439 shares traded hands during trading, a decline of 25% from the average daily volume of 1,821,621 shares. The stock had previously closed at $106.85.
Analysts Set New Price Targets
Several research firms have recently commented on BLDR. Stephens lowered 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. UBS Group decreased their price target on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a report on Friday, May 2nd. BMO Capital Markets lowered their target price on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research report on Monday, May 5th. Loop Capital lowered their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group decreased their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $163.11.
Check Out Our Latest Analysis on BLDR
Builders FirstSource Stock Up 6.3%
The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 6.80 and a beta of 1.69. The firm has a 50-day moving average of $113.76 and a two-hundred day moving average of $135.21. The company has a current ratio of 1.82, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02.
Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the business posted $2.65 earnings per share. The company's quarterly revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.
Builders FirstSource announced that its board has approved a share repurchase program on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
Insider Transactions at Builders FirstSource
In related news, Director Dirkson R. Charles acquired 5,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the acquisition, the director now directly owns 5,000 shares of the company's stock, valued at approximately $548,350. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul S. Levy bought 283,517 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the acquisition, the director now directly owns 1,672,687 shares in the company, valued at $186,019,521.27. This trade represents a 20.41% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 505,000 shares of company stock worth $56,032,120 in the last three months. Insiders own 2.00% of the company's stock.
Institutional Trading of Builders FirstSource
A number of institutional investors and hedge funds have recently made changes to their positions in the company. IMA Advisory Services Inc. bought a new position in Builders FirstSource in the 1st quarter valued at approximately $31,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource in the 4th quarter valued at $34,000. Sentry Investment Management LLC acquired a new position in shares of Builders FirstSource during the first quarter valued at about $40,000. CX Institutional bought a new stake in Builders FirstSource in the 1st quarter valued at about $45,000. Finally, Smartleaf Asset Management LLC grew its stake in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after acquiring an additional 134 shares during the period. 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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