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

Builders FirstSource, Inc. (NYSE:BLDR) has received a consensus recommendation of “Hold” from the twenty-three ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $100.3529.

BLDR has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Wells Fargo & Company reduced their price objective on shares of Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. Weiss Ratings lowered shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Benchmark dropped their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, UBS Group reduced their target price on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a report on Friday, May 1st.

Builders FirstSource Trading Down 0.7%

NYSE BLDR opened at $70.53 on Friday. The firm has a market capitalization of $7.59 billion, a P/E ratio of 27.02, a PEG ratio of 1.69 and a beta of 1.42. The business has a fifty day simple moving average of $77.06 and a 200 day simple moving average of $91.47. Builders FirstSource has a 12 month low of $65.10 and a 12 month high of $151.03. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the firm earned $1.51 earnings per share. Builders FirstSource’s revenue was down 10.1% compared to the same quarter last year. On average, analysts predict that Builders FirstSource will post 4.29 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a share buyback program on Thursday, April 30th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC lifted its stake in Builders FirstSource by 6.3% in the second quarter. Wedge Capital Management L L P NC now owns 89,477 shares of the company’s stock valued at $8,006,000 after purchasing an additional 5,268 shares during the last quarter. Hudson Value Partners LLC increased its position in shares of Builders FirstSource by 10.2% during the second quarter. Hudson Value Partners LLC now owns 60,904 shares of the company’s stock valued at $5,450,000 after buying an additional 5,620 shares during the period. LVM Capital Management Ltd. MI bought a new stake in shares of Builders FirstSource during the second quarter valued at about $666,000. Polianta Ltd lifted its holdings in shares of Builders FirstSource by 37.1% in the second quarter. Polianta Ltd now owns 22,900 shares of the company’s stock worth $2,049,000 after buying an additional 6,200 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of Builders FirstSource by 1.7% in the second quarter. Czech National Bank now owns 30,616 shares of the company’s stock worth $2,740,000 after buying an additional 500 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

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.