Builders FirstSource (NYSE:BLDR) PT Raised to $225.00

Builders FirstSource (NYSE:BLDR) had its target price increased by analysts at Oppenheimer from $205.00 to $225.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 11.48% from the stock’s current price.

Several other equities analysts have also issued reports on BLDR. Robert W. Baird raised Builders FirstSource from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $185.00 to $190.00 in a research report on Wednesday, August 7th. Stifel Nicolaus dropped their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Barclays reduced their price target on shares of Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Bank of America lowered shares of Builders FirstSource from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $183.00 to $180.00 in a report on Friday, August 2nd. Finally, Zelman & Associates reiterated a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.14.

Builders FirstSource Trading Up 3.8 %

Shares of NYSE BLDR opened at $201.83 on Wednesday. Builders FirstSource has a 1 year low of $105.24 and a 1 year high of $214.70. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. The firm has a 50-day moving average of $166.86 and a 200 day moving average of $171.08. The stock has a market cap of $24.63 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 10.06 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.48. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the prior year, the business posted $3.89 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts expect that Builders FirstSource will post 11.65 EPS for the current fiscal year.

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

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the sale, the director now directly owns 95,333 shares of the company’s stock, valued at $14,650,775.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in shares of Builders FirstSource during the 2nd quarter valued at approximately $4,859,000. Clearbridge Investments LLC bought a new position in shares of Builders FirstSource in the second quarter worth approximately $49,000,000. New Century Financial Group LLC purchased a new stake in shares of Builders FirstSource in the second quarter worth $241,000. 3Chopt Investment Partners LLC bought a new stake in shares of Builders FirstSource during the 2nd quarter valued at $441,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at $383,000. 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.