Builders FirstSource (NYSE:BLDR) PT Raised to $205.00

Builders FirstSource (NYSE:BLDR) had its price target hoisted by research analysts at Oppenheimer from $190.00 to $205.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 21.44% from the stock’s current price.

Several other equities analysts also recently weighed in on BLDR. Royal Bank of Canada reduced their target price on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Stifel Nicolaus dropped their target price on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird upgraded Builders FirstSource from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $185.00 to $190.00 in a research report on Wednesday, August 7th. Finally, Wedbush reissued an “outperform” rating and set a $175.00 price objective on shares of Builders FirstSource in a report on Tuesday, August 6th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.57.

Builders FirstSource Trading Up 0.1 %

Shares of BLDR stock opened at $168.81 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The firm has a market cap of $20.60 billion, a P/E ratio of 14.45, a PEG ratio of 10.07 and a beta of 2.04. The company has a 50 day moving average of $157.23 and a 200-day moving average of $171.71. Builders FirstSource has a 12-month low of $105.24 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.48. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the business posted $3.89 earnings per share. Sell-side analysts anticipate that Builders FirstSource will post 11.91 earnings per share for the current year.

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

Insider Activity at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the transaction, the director now directly owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently made changes to their positions in BLDR. Vanguard Personalized Indexing Management LLC lifted its stake in Builders FirstSource by 0.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after purchasing an additional 74 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after acquiring an additional 75 shares during the last quarter. Team Hewins LLC boosted its holdings in Builders FirstSource by 6.5% during the 1st quarter. Team Hewins LLC now owns 1,313 shares of the company’s stock valued at $274,000 after acquiring an additional 80 shares during the period. Csenge Advisory Group grew its position in Builders FirstSource by 1.9% during the 2nd quarter. Csenge Advisory Group now owns 4,252 shares of the company’s stock worth $589,000 after acquiring an additional 81 shares during the last quarter. Finally, Congress Wealth Management LLC DE increased its stake in Builders FirstSource by 1.4% in the 4th quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock worth $1,035,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors 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.