Builders FirstSource (NYSE:BLDR) Price Target Raised to $225.00

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

A number of other equities analysts also recently weighed in on BLDR. Robert W. Baird upgraded shares of Builders FirstSource from a neutral rating to an outperform rating and boosted their target price for the stock from $185.00 to $190.00 in a report on Wednesday, August 7th. StockNews.com raised shares of Builders FirstSource from a hold rating to a buy rating in a report on Tuesday, September 17th. Bank of America downgraded shares of Builders FirstSource from a buy rating to a neutral rating and cut their target price for the company from $183.00 to $180.00 in a research note on Friday, August 2nd. Baird R W raised Builders FirstSource from a hold rating to a strong-buy rating in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus cut their price objective on Builders FirstSource from $217.00 to $195.00 and set a buy rating for the company in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $190.00.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $197.74 on Wednesday. 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 business has a 50-day moving average of $167.76 and a 200-day moving average of $170.87. The stock has a market capitalization of $24.14 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 10.06 and a beta of 2.06. Builders FirstSource has a fifty-two week low of $105.24 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share 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 during the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the company earned $3.89 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts predict that Builders FirstSource will post 11.65 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has initiated a share buyback plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the sale, the director now owns 95,333 shares of the company’s stock, valued at $14,650,775.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its holdings in shares of Builders FirstSource by 73.9% in the 4th quarter. Allianz Asset Management GmbH now owns 128,348 shares of the company’s stock valued at $21,426,000 after purchasing an additional 54,557 shares in the last quarter. Boulder Hill Capital Management LP acquired a new stake in Builders FirstSource in the fourth quarter valued at about $851,000. Westfield Capital Management Co. LP grew its position in Builders FirstSource by 11.2% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,416,611 shares of the company’s stock valued at $236,489,000 after acquiring an additional 143,041 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in Builders FirstSource by 512.3% during the first quarter. New Mexico Educational Retirement Board now owns 39,800 shares of the company’s stock worth $8,300,000 after acquiring an additional 33,300 shares in the last quarter. Finally, Pitcairn Co. lifted its holdings in shares of Builders FirstSource by 37.2% in the fourth quarter. Pitcairn Co. now owns 21,051 shares of the company’s stock worth $3,514,000 after acquiring an additional 5,704 shares during the last quarter. 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.