Builders FirstSource (NYSE:BLDR) Earns Underperform Rating from Zelman & Associates

Zelman & Associates reaffirmed their underperform rating on shares of Builders FirstSource (NYSE:BLDR - Free Report) in a research report released on Friday,Benzinga reports.

A number of other brokerages have also weighed in on BLDR. Raymond James Financial reaffirmed an "outperform" rating and set a $140.00 target price (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the company an "outperform" rating in a research note on Thursday, July 10th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $132.00 target price on shares of Builders FirstSource in a research note on Thursday, May 15th. UBS Group dropped 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. Finally, Wedbush dropped their price objective on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $159.42.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded down $3.61 on Friday, reaching $123.24. 1,810,123 shares of the company traded hands, compared to its average volume of 1,710,336. Builders FirstSource has a 52 week low of $102.60 and a 52 week high of $203.14. The company has a 50 day moving average of $117.47 and a 200 day moving average of $129.94. The firm has a market capitalization of $13.62 billion, a PE ratio of 15.80, a PEG ratio of 8.04 and a beta of 1.69. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.51 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 company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the firm earned $2.65 EPS. Builders FirstSource's revenue for the quarter was down 6.0% on a year-over-year basis. Equities analysts forecast that Builders FirstSource will post 11.59 earnings per share for the current year.

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

Insider Transactions at Builders FirstSource

In related news, Director Dirkson R. Charles acquired 5,000 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the transaction, the director directly owned 5,000 shares of the company's stock, valued at $548,350. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul S. Levy purchased 283,517 shares of Builders FirstSource stock in a transaction on Thursday, May 8th. The shares were acquired at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the transaction, the director directly owned 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. Over the last three months, insiders acquired 505,000 shares of company stock worth $56,032,120. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Builders FirstSource

Several institutional investors have recently modified their holdings of BLDR. FMR LLC raised its position in shares of Builders FirstSource by 7.3% during 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 during the period. Wellington Management Group LLP raised its position 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 worth $401,948,000 after purchasing an additional 960,603 shares during the period. Invesco Ltd. raised its position in shares of Builders FirstSource by 11.8% during the first 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 during the period. Diamond Hill Capital Management Inc. raised its position in shares of Builders FirstSource by 16.8% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock worth $283,659,000 after purchasing an additional 326,923 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Builders FirstSource by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company's stock worth $280,387,000 after purchasing an additional 6,453 shares during the period. Institutional investors and hedge funds 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.