Builders FirstSource (NYSE:BLDR) Given New $70.00 Price Target at Stifel Nicolaus

Builders FirstSource (NYSE:BLDR) had its target price reduced by Stifel Nicolaus from $76.00 to $70.00 in a report released on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential downside of 0.71% from the stock’s previous close.

A number of other brokerages also recently issued reports on BLDR. Bank of America lowered their price target on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Wolfe Research raised Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Royal Bank Of Canada decreased their price objective on shares of Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. UBS Group decreased their target price on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Stephens lowered their price target on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, April 27th. Eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $100.35.

Builders FirstSource Trading Down 0.7%

Shares of Builders FirstSource stock opened at $70.50 on Thursday. 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 has a 12-month low of $65.10 and a 12-month high of $151.03. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.66 and a beta of 1.42. The company’s 50-day moving average price is $77.12 and its 200-day moving average price is $91.71.

Builders FirstSource (NYSE:BLDR) last announced 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). The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. Builders FirstSource’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period last year, the company posted $1.51 EPS. On average, equities analysts expect that Builders FirstSource will post 4.29 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors have recently bought and sold shares of BLDR. Cromwell Holdings LLC raised its stake in shares of Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after acquiring an additional 175 shares during the last quarter. 95.53% of the stock is 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.