Builders FirstSource, Inc. (NYSE:BLDR) Receives Consensus Recommendation of “Hold” from Analysts

Builders FirstSource, Inc. (NYSE:BLDR) has received a consensus recommendation of “Hold” from the twenty-four brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $101.8767.

BLDR has been the topic of several analyst reports. Royal Bank Of Canada decreased their target price on shares of Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Truist Financial decreased their target price on shares of Builders FirstSource from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Wells Fargo & Company decreased their target price on shares of Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Raymond James Financial decreased their target price on shares of Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. Finally, Bank of America decreased their target price on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th.

Builders FirstSource Stock Up 0.2%

Shares of NYSE BLDR opened at $89.32 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. Builders FirstSource has a 52 week low of $65.10 and a 52 week high of $151.03. The firm’s fifty day moving average is $78.85 and its 200 day moving average is $95.04. The company has a market cap of $9.61 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 2.14 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.12). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the firm earned $1.51 earnings per share. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, equities research analysts expect that Builders FirstSource will post 4.26 earnings per share for the current year.

Builders FirstSource announced that its board has authorized a stock repurchase plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Builders FirstSource

Several large investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its holdings in Builders FirstSource by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after acquiring an additional 78 shares in the last quarter. Aprio Wealth Management LLC boosted its holdings in Builders FirstSource by 2.7% in the third quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock valued at $446,000 after acquiring an additional 98 shares in the last quarter. Ramirez Asset Management Inc. boosted its holdings in Builders FirstSource by 25.0% in the third quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock valued at $61,000 after acquiring an additional 100 shares in the last quarter. New Mexico Educational Retirement Board boosted its holdings in Builders FirstSource by 2.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock valued at $525,000 after acquiring an additional 100 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in Builders FirstSource by 1.5% in the fourth quarter. Moors & Cabot Inc. now owns 7,388 shares of the company’s stock valued at $760,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.