Builders FirstSource (NYSE:BLDR) Price Target Increased to $225.00 by Analysts at Oppenheimer

Builders FirstSource (NYSE:BLDR) had its target price increased by Oppenheimer from $205.00 to $225.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Bank of America cut shares of Builders FirstSource from a buy rating to a neutral rating and lowered their price target for the stock from $183.00 to $180.00 in a report on Friday, August 2nd. Royal Bank of Canada lowered their target price on shares of Builders FirstSource from $193.00 to $178.00 and set an outperform rating for the company in a report on Wednesday, August 7th. B. Riley lowered their target price on shares of Builders FirstSource from $197.00 to $187.00 and set a buy rating for the company in a report on Wednesday, August 7th. Stifel Nicolaus lowered their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a buy rating for the company in a report on Thursday, August 8th. Finally, Barclays lowered their target price on shares of Builders FirstSource from $188.00 to $182.00 and set an overweight rating for the company in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of Moderate Buy and an average price target of $185.86.

Builders FirstSource Trading Up 0.4 %

NYSE BLDR opened at $194.60 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. Builders FirstSource has a 52 week low of $105.24 and a 52 week high of $214.70. The stock has a market capitalization of $23.75 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 10.06 and a beta of 2.06. The firm has a 50 day moving average of $165.76 and a two-hundred day moving average of $170.86.

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

Builders FirstSource declared that its Board of Directors has approved a share buyback program on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits 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 board believes its shares are undervalued.

Insiders Place Their Bets

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 95,333 shares in the company, valued at approximately $14,650,775.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Builders FirstSource

Large investors have recently made changes to their positions in the stock. Westside Investment Management Inc. purchased a new position in shares of Builders FirstSource in the 1st quarter valued at about $31,000. ORG Partners LLC purchased a new position in shares of Builders FirstSource in the 1st quarter valued at about $33,000. American Capital Advisory LLC purchased a new position in shares of Builders FirstSource in the 1st quarter valued at about $34,000. Principal Securities Inc. purchased a new position in shares of Builders FirstSource in the 4th quarter valued at about $32,000. Finally, Innealta Capital LLC purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at about $27,000. 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.