Builders FirstSource (NYSE:BLDR) Trading Up 3.2%

Builders FirstSource, Inc. (NYSE:BLDR)’s stock price was up 3.2% on Friday . The stock traded as high as $174.35 and last traded at $172.87. Approximately 193,989 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,612,076 shares. The stock had previously closed at $167.55.

Analysts Set New Price Targets

BLDR has been the subject of several analyst reports. Benchmark decreased their target price on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. B. Riley decreased their price objective 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. Royal Bank of Canada cut their target price on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Finally, Bank of America lowered Builders FirstSource from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $183.00 to $180.00 in a report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.57.

Builders FirstSource Trading Up 0.2 %

The company has a market cap of $20.49 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 10.07 and a beta of 2.04. The firm has a fifty day moving average price of $157.82 and a 200 day moving average price of $171.68. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period in the prior year, the firm posted $3.89 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts predict that Builders FirstSource, Inc. will post 11.91 EPS for the current fiscal year.

Builders FirstSource declared that its board has initiated a share buyback plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource 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 sale, the director now directly owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds and other institutional investors have recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in Builders FirstSource in the 2nd quarter valued at approximately $27,000. Westside Investment Management Inc. acquired a new position in Builders FirstSource during the 1st quarter worth about $31,000. Principal Securities Inc. bought a new stake in shares of Builders FirstSource in the 4th quarter valued at about $32,000. ORG Partners LLC acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $33,000. Finally, American Capital Advisory LLC bought a new position in shares of Builders FirstSource during the first quarter worth about $34,000. Institutional investors own 95.53% of the company’s stock.

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.