Wedbush Has Lowered Expectations for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR - Get Free Report) had its target price decreased by investment analysts at Wedbush from $190.00 to $145.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Wedbush's target price would suggest a potential upside of 35.90% from the stock's previous close.

A number of other research analysts have also recently commented on the company. Loop Capital decreased their price target on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets lowered their price target on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a report on Monday, May 5th. Stephens dropped their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Raymond James Financial reaffirmed an "outperform" rating and set a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Finally, UBS Group reduced their price objective on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $163.11.

Builders FirstSource Stock Down 1.2%

Builders FirstSource stock opened at $106.69 on Friday. The company's 50-day moving average price is $113.76 and its two-hundred day moving average price is $135.21. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. The stock has a market cap of $11.79 billion, a P/E ratio of 13.68, a P/E/G ratio of 6.80 and a beta of 1.69. Builders FirstSource has a twelve month low of $102.60 and a twelve month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the firm earned $2.65 earnings per share. The company's revenue was down 6.0% on a year-over-year basis. As a group, analysts expect that Builders FirstSource will post 11.59 EPS for the current year.

Builders FirstSource announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Builders FirstSource

In related news, Director Dirkson R. Charles purchased 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $548,350. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul S. Levy bought 283,517 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $111.21 per share, for a total transaction of $31,529,925.57. Following the purchase, the director now directly owns 1,672,687 shares in the company, valued at approximately $186,019,521.27. This represents a 20.41% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 505,000 shares of company stock worth $56,032,120. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its holdings in Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after purchasing an additional 740,214 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Builders FirstSource by 42.6% during the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock valued at $401,948,000 after purchasing an additional 960,603 shares during the last quarter. Invesco Ltd. boosted its position in shares of Builders FirstSource by 11.8% in the 1st quarter. Invesco Ltd. now owns 2,519,461 shares of the company's stock worth $314,781,000 after purchasing an additional 265,873 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Builders FirstSource by 16.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock worth $283,659,000 after buying an additional 326,923 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Builders FirstSource by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company's stock valued at $280,387,000 after buying an additional 6,453 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

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.

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