Builders FirstSource, Inc. (NYSE:BLDR) Given Average Rating of “Moderate Buy” by Brokerages

Builders FirstSource, Inc. (NYSE:BLDR) has been assigned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $196.38.

BLDR has been the topic of a number of research reports. Wedbush restated an “outperform” rating and set a $175.00 price target on shares of Builders FirstSource in a research note on Tuesday, August 6th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Monday, September 23rd. Benchmark cut their target price on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Oppenheimer increased their price target on shares of Builders FirstSource from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Finally, Robert W. Baird upgraded shares of Builders FirstSource from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $185.00 to $190.00 in a research note on Wednesday, August 7th.

Insider Buying and Selling at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $153.68, for a total value of $4,610,400.00. Following the sale, the director now directly owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors have recently made changes to their positions in the stock. Westside Investment Management Inc. purchased a new position in shares of Builders FirstSource during the first quarter valued at approximately $31,000. Armstrong Advisory Group Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $30,000. ORG Partners LLC acquired a new stake in shares of Builders FirstSource during the first quarter worth $33,000. American Capital Advisory LLC purchased a new stake in shares of Builders FirstSource in the first quarter valued at $34,000. Finally, Innealta Capital LLC acquired a new position in Builders FirstSource in the second quarter valued at $27,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $193.00 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. Builders FirstSource has a 52 week low of $105.24 and a 52 week high of $214.70. The firm’s 50 day moving average is $177.50 and its two-hundred day moving average is $170.23. The firm has a market capitalization of $23.56 billion, a P/E ratio of 16.52, a P/E/G ratio of 11.48 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the firm posted $3.89 EPS. The company’s revenue was down 1.6% on a year-over-year basis. Research analysts forecast that Builders FirstSource will post 11.68 EPS for the current fiscal year.

Builders FirstSource announced that its board has authorized a stock buyback plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

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.