Builders FirstSource (NYSE:BLDR) PT Raised to $223.00

Builders FirstSource (NYSE:BLDR) had its price target boosted by Jefferies Financial Group from $185.00 to $223.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 14.71% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Builders FirstSource in a research report on Tuesday, August 6th. Robert W. Baird raised shares of Builders FirstSource from a “neutral” rating to an “outperform” rating and upped their price target for the company from $185.00 to $190.00 in a report on Wednesday, August 7th. Benchmark decreased their price objective on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Baird R W raised shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Finally, Loop Capital lifted their price target on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $194.47.

Builders FirstSource Stock Up 0.7 %

BLDR traded up $1.26 during trading hours on Wednesday, reaching $194.40. 777,151 shares of the stock traded hands, compared to its average volume of 1,605,136. Builders FirstSource has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 11.56 and a beta of 2.06. 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’s fifty day simple moving average is $175.50 and its two-hundred day simple moving average is $170.02.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the firm earned $3.89 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. As a group, analysts forecast that Builders FirstSource will post 11.68 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a stock repurchase plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the firm’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 value of $4,610,400.00. Following the sale, the director now owns 95,333 shares in the company, valued at approximately $14,650,775.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Institutional Trading of Builders FirstSource

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its holdings in Builders FirstSource by 0.7% during 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 in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after buying an additional 75 shares during the period. Team Hewins LLC boosted its stake in Builders FirstSource by 6.5% during the first quarter. Team Hewins LLC now owns 1,313 shares of the company’s stock valued at $274,000 after buying an additional 80 shares in the last quarter. Csenge Advisory Group grew its holdings in Builders FirstSource by 1.9% during the second 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 period. Finally, Centaurus Financial Inc. grew its holdings in Builders FirstSource by 9.1% during the second quarter. Centaurus Financial Inc. now owns 991 shares of the company’s stock worth $137,000 after acquiring an additional 83 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Company Profile

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.