Builders FirstSource (NYSE:BLDR) Price Target Raised to $175.00 at DA Davidson

Builders FirstSource (NYSE:BLDR) had its price target lifted by DA Davidson from $169.00 to $175.00 in a research note released on Wednesday,Benzinga reports. DA Davidson currently has a neutral rating on the stock. DA Davidson also issued estimates for Builders FirstSource’s Q4 2024 earnings at $2.33 EPS, FY2024 earnings at $11.56 EPS and FY2025 earnings at $12.79 EPS.

BLDR has been the subject of a number of other research reports. UBS Group started coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. Stifel Nicolaus lowered their price target on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and boosted their price target for the company from $165.00 to $220.00 in a research note on Monday, September 16th. Wedbush restated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday. Finally, B. Riley lowered their price target on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.47.

Builders FirstSource Stock Down 0.5 %

Shares of BLDR stock opened at $178.35 on Wednesday. Builders FirstSource has a 1 year low of $120.80 and a 1 year high of $214.70. The stock has a market cap of $20.52 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 10.48 and a beta of 2.08. The business’s fifty day moving average is $184.79 and its 200-day moving average is $168.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.14 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the business posted $4.24 earnings per share. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. Equities analysts expect that Builders FirstSource will post 11.64 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a stock repurchase program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $30,000. ORG Partners LLC bought a new stake in shares of Builders FirstSource in the 1st quarter valued at $33,000. Innealta Capital LLC bought a new position in Builders FirstSource during the 2nd quarter worth about $27,000. Reston Wealth Management LLC bought a new position in Builders FirstSource during the 3rd quarter worth about $39,000. Finally, First Horizon Advisors Inc. increased its holdings in Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.