Builders FirstSource (NYSE:BLDR) Price Target Cut to $80.00 by Analysts at Jefferies Financial Group

Builders FirstSource (NYSE:BLDR) had its price objective reduced by analysts at Jefferies Financial Group from $85.00 to $80.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 8.19% from the stock’s previous close.

Several other research firms have also recently issued reports on BLDR. Stifel Nicolaus decreased their price objective on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating on the stock in a report on Monday, March 16th. Barclays reduced their target price on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a research report on Friday. Robert W. Baird decreased their price target on Builders FirstSource from $125.00 to $95.00 in a research note on Friday. Wells Fargo & Company dropped 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 note on Friday. Finally, Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average target price of $101.88.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $73.95 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The firm has a market cap of $8.18 billion, a PE ratio of 28.34, a P/E/G ratio of 2.35 and a beta of 1.49. The firm has a 50 day simple moving average of $89.22 and a 200-day simple moving average of $104.78. Builders FirstSource has a 1-year low of $73.43 and a 1-year high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its earnings results 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). The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The firm’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 EPS. On average, equities analysts expect that Builders FirstSource will post 5.43 EPS for the current year.

Builders FirstSource announced that its board has initiated a share buyback plan on Thursday, April 30th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Activity at Builders FirstSource

In other news, Director Paul S. Levy acquired 50,000 shares of Builders FirstSource stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the purchase, the director directly owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Calamos Wealth Management LLC purchased a new stake in Builders FirstSource during the first quarter worth approximately $264,000. Calamos Advisors LLC purchased a new position in shares of Builders FirstSource in the 1st quarter valued at $264,000. Principal Financial Group Inc. lifted its holdings in shares of Builders FirstSource by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 123,175 shares of the company’s stock valued at $10,141,000 after acquiring an additional 1,222 shares in the last quarter. Schwartz Investment Counsel Inc. lifted its holdings in shares of Builders FirstSource by 49.9% during the 1st quarter. Schwartz Investment Counsel Inc. now owns 143,600 shares of the company’s stock valued at $11,823,000 after acquiring an additional 47,800 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Builders FirstSource by 2,974.3% during the 1st quarter. Fifth Third Bancorp now owns 54,016 shares of the company’s stock worth $4,447,000 after purchasing an additional 52,259 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

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.