Barclays Trims Builders FirstSource (NYSE:BLDR) Target Price to $182.00

Builders FirstSource (NYSE:BLDR) had its price target decreased by research analysts at Barclays from $188.00 to $182.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 18.93% from the stock’s current price.

Several other brokerages have also recently issued reports on BLDR. Jefferies Financial Group lifted their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Royal Bank of Canada reduced their price objective on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a report on Wednesday. Oppenheimer restated an “outperform” rating and issued a $230.00 price objective (down from $242.00) on shares of Builders FirstSource in a report on Monday, July 29th. Bank of America lowered shares of Builders FirstSource from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $183.00 to $180.00 in a report on Friday, August 2nd. Finally, Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Builders FirstSource in a report on Tuesday. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.00.

Builders FirstSource Trading Down 1.7 %

Shares of NYSE BLDR traded down $2.70 during mid-day trading on Wednesday, reaching $153.03. The company had a trading volume of 1,217,887 shares, compared to its average volume of 1,640,265. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. Builders FirstSource has a 52 week low of $105.24 and a 52 week high of $214.70. The business’s 50-day moving average is $149.67 and its 200-day moving average is $173.50. The stock has a market cap of $18.68 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 2.57 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.02 by $0.48. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The firm had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same period last year, the firm posted $3.89 EPS. Builders FirstSource’s revenue was down 1.6% on a year-over-year basis. Equities analysts expect that Builders FirstSource will post 12.91 earnings per share for the current year.

Builders FirstSource announced that its board has approved a share repurchase program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 5.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the sale, the insider now owns 22,667 shares in the company, valued at approximately $3,855,883.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the sale, the insider now owns 22,667 shares in the company, valued at approximately $3,855,883.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the transaction, the insider now directly owns 30,106 shares in the company, valued at $4,794,380.50. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Builders FirstSource by 15.7% in the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after acquiring an additional 1,985,297 shares during the last quarter. Norges Bank bought a new position in Builders FirstSource during the 4th quarter worth $212,209,000. Boston Partners grew its stake in Builders FirstSource by 73.5% during the 4th quarter. Boston Partners now owns 1,366,784 shares of the company’s stock worth $227,464,000 after buying an additional 578,961 shares during the last quarter. Bessemer Group Inc. boosted its position in Builders FirstSource by 477,028.7% during the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock worth $93,535,000 after acquiring an additional 448,407 shares during the period. Finally, Hsbc Holdings PLC boosted its position in Builders FirstSource by 152.9% during the 4th quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock worth $81,628,000 after acquiring an additional 295,643 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

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.