Builders FirstSource (NYSE:BLDR) Given New $200.00 Price Target at Stephens

Builders FirstSource (NYSE:BLDR) had its price target lifted by equities researchers at Stephens from $178.00 to $200.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Stephens’ price target indicates a potential upside of 12.37% from the company’s current price.

A number of other equities analysts have also commented on BLDR. Jefferies Financial Group boosted their price target on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. 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. Barclays raised their target price on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Baird R W upgraded shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Finally, Robert W. Baird boosted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.47.

Builders FirstSource Stock Down 0.7 %

Shares of BLDR opened at $177.99 on Thursday. Builders FirstSource has a 12 month low of $120.80 and a 12 month high of $214.70. The stock has a market cap of $20.48 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 10.17 and a beta of 2.08. The company has a 50-day moving average price of $184.79 and a two-hundred day moving average price of $168.52. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The business’s revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the company earned $4.24 earnings per share. Equities analysts predict that Builders FirstSource will post 11.69 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

A number of hedge funds and other institutional investors have recently made changes to their positions in BLDR. Baillie Gifford & Co. acquired a new stake in Builders FirstSource during the 3rd quarter worth $267,132,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Builders FirstSource during the third quarter worth about $255,867,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock valued at $163,373,000 after purchasing an additional 911,990 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Builders FirstSource by 109.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company’s stock valued at $175,366,000 after purchasing an additional 473,238 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of Builders FirstSource by 477,028.7% in the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after purchasing an additional 448,407 shares during the period. 95.53% of the stock is owned by institutional investors.

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.