Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report)'s stock price was down 4.7% during mid-day trading on Monday . The company traded as low as $103.16 and last traded at $102.66. Approximately 304,630 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,669,803 shares. The stock had previously closed at $107.68.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Stifel Nicolaus cut their target price on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Benchmark lowered their price objective on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Barclays cut their price objective on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Loop Capital decreased their target price on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $132.00 price target on shares of Builders FirstSource in a report on Thursday, May 15th. Six investment 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $167.58.
View Our Latest Stock Report on Builders FirstSource
Builders FirstSource Stock Down 1.5%
The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a market capitalization of $12.34 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 0.80 and a beta of 1.69. The firm has a 50 day moving average of $115.77 and a 200-day moving average of $140.10.
Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Builders FirstSource's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.65 EPS. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.
Builders FirstSource announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
Insider Activity
In related news, Director Dirkson R. Charles acquired 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $548,350. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul S. Levy bought 283,517 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. In 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 corporate insiders.
Institutional Trading of Builders FirstSource
A number of large investors have recently bought and sold shares of BLDR. abrdn plc grew its holdings in shares of Builders FirstSource by 20.4% in the 4th quarter. abrdn plc now owns 46,012 shares of the company's stock worth $6,578,000 after purchasing an additional 7,809 shares during the last quarter. Mather Group LLC. grew its stake in Builders FirstSource by 91.2% during the fourth quarter. Mather Group LLC. now owns 497 shares of the company's stock worth $71,000 after buying an additional 237 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Builders FirstSource by 30.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,852 shares of the company's stock worth $1,573,000 after buying an additional 2,539 shares during the last quarter. Tectonic Advisors LLC increased its holdings in shares of Builders FirstSource by 24.7% during the fourth quarter. Tectonic Advisors LLC now owns 8,106 shares of the company's stock worth $1,159,000 after buying an additional 1,605 shares in the last quarter. Finally, Choreo LLC raised its stake in shares of Builders FirstSource by 28.4% in the fourth quarter. Choreo LLC now owns 4,332 shares of the company's stock valued at $621,000 after acquiring an additional 959 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.
About Builders FirstSource
(
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.
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