Builders FirstSource, Inc. (NYSE:BLDR) Receives $101.88 Consensus Target Price from Analysts

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have received a consensus rating of “Hold” from the twenty-four brokerages that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $101.8767.

Several research analysts recently weighed in on BLDR shares. Raymond James Financial lowered their price objective on Builders FirstSource from $140.00 to $100.00 in a research report on Friday, May 1st. The Goldman Sachs Group reduced their target price on Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. Stifel Nicolaus lowered their price target on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a report on Monday, March 16th. Royal Bank Of Canada cut their price objective on Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Finally, Truist Financial reduced their price objective on shares of Builders FirstSource from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, April 30th.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $89.32 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The company has a market capitalization of $9.61 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 2.13 and a beta of 1.44. The firm’s 50-day moving average is $78.85 and its two-hundred day moving average is $95.13. Builders FirstSource has a 12 month low of $65.10 and a 12 month high of $151.03.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.12). The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The business’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the company earned $1.51 EPS. Analysts predict that Builders FirstSource will post 4.26 earnings per share for the current year.

Builders FirstSource declared that its board has authorized a share buyback program on Thursday, April 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors have recently bought and sold shares of BLDR. Schwartz Investment Counsel Inc. lifted its holdings in Builders FirstSource by 17.1% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock worth $9,857,000 after buying an additional 14,000 shares in the last quarter. Eagle Global Advisors LLC boosted its position in Builders FirstSource by 46.3% in the 4th quarter. Eagle Global Advisors LLC now owns 60,242 shares of the company’s stock valued at $6,198,000 after buying an additional 19,062 shares during the period. Diamond Hill Capital Management Inc. grew its stake in Builders FirstSource by 13.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,872,708 shares of the company’s stock worth $192,683,000 after purchasing an additional 221,641 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Builders FirstSource by 10.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock worth $24,993,000 after buying an additional 22,270 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its stake in shares of Builders FirstSource by 99.2% during the third quarter. Rafferty Asset Management LLC now owns 97,422 shares of the company’s stock worth $11,812,000 after buying an additional 48,507 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.