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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) have been given an average rating of “Hold” by the twenty-three analysts that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $126.6532.

Several equities analysts have recently weighed in on the company. BMO Capital Markets cut their price objective on Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating on the stock in a report on Friday, February 20th. Jefferies Financial Group lowered their target price on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. DA Davidson cut their price target on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Finally, Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a report on Monday.

Insider Buying and Selling

In related news, Director Paul S. Levy bought 50,000 shares of Builders FirstSource stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the purchase, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Builders FirstSource

Several hedge funds and other institutional investors have recently modified their holdings of BLDR. State Street Corp raised its holdings in Builders FirstSource by 2.3% during the fourth quarter. State Street Corp now owns 5,108,120 shares of the company’s stock worth $525,574,000 after acquiring an additional 115,857 shares in the last quarter. Capital International Investors acquired a new position in Builders FirstSource during the third quarter valued at approximately $429,640,000. Wellington Management Group LLP grew its stake in Builders FirstSource by 2.3% in the fourth quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock valued at $341,265,000 after purchasing an additional 73,835 shares in the last quarter. Geode Capital Management LLC grew its stake in Builders FirstSource by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after purchasing an additional 14,420 shares in the last quarter. Finally, Sands Capital Management LLC increased its position in shares of Builders FirstSource by 13.5% during the 4th quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock worth $283,767,000 after purchasing an additional 327,067 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $86.62 on Friday. The company has a market capitalization of $9.58 billion, a PE ratio of 22.32, a PEG ratio of 2.19 and a beta of 1.56. Builders FirstSource has a 12 month low of $86.18 and a 12 month high of $151.03. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The stock’s fifty day simple moving average is $111.68 and its 200 day simple moving average is $114.98.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the firm posted $2.31 earnings per share. The firm’s revenue was down 12.1% on a year-over-year basis. On average, research analysts predict that Builders FirstSource will post 11.59 EPS for the current year.

Builders FirstSource Company Profile

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.