Builders FirstSource (NYSE:BLDR) Price Target Lowered to $155.00 at Oppenheimer

by · The Markets Daily

Builders FirstSource (NYSE:BLDR – Free Report) had its price target decreased by Oppenheimer from $165.00 to $155.00 in a research report report published on Thursday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on BLDR. Loop Capital cut their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a “buy” rating for the company in a report on Monday, April 14th. Stephens cut their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. UBS Group cut their price objective on shares of Builders FirstSource from $180.00 to $163.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $132.00 price objective on shares of Builders FirstSource in a report on Thursday, May 15th. Finally, Robert W. Baird set a $130.00 price objective on shares of Builders FirstSource in a report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $159.42.

Get Our Latest Report on Builders FirstSource

Builders FirstSource Price Performance

NYSE BLDR opened at $133.39 on Thursday. Builders FirstSource has a 12 month low of $102.60 and a 12 month high of $203.14. The stock has a market cap of $14.74 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 8.49 and a beta of 1.69. The company’s 50 day moving average is $115.73 and its two-hundred day moving average is $130.56. The company has a current ratio of 1.82, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the firm posted $2.65 EPS. The company’s revenue was down 6.0% on a year-over-year basis. As a group, research analysts anticipate that Builders FirstSource will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has approved a stock repurchase program on Thursday, May 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Builders FirstSource

In other news, Director Paul S. Levy acquired 283,517 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was bought at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the purchase, the director directly owned 1,672,687 shares of the company’s stock, valued at $186,019,521.27. This represents a 20.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dirkson R. Charles acquired 5,000 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $548,350. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 505,000 shares of company stock valued at $56,032,120 over the last ninety days. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Builders FirstSource by 18.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company’s stock worth $2,500,000 after purchasing an additional 3,131 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Builders FirstSource by 41.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company’s stock worth $945,000 after purchasing an additional 2,216 shares during the last quarter. Altus Wealth Group LLC lifted its position in shares of Builders FirstSource by 11.2% during the first quarter. Altus Wealth Group LLC now owns 45,021 shares of the company’s stock worth $5,625,000 after purchasing an additional 4,549 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Builders FirstSource during the first quarter worth $1,012,000. Finally, Benjamin Edwards Inc. lifted its position in shares of Builders FirstSource by 36.1% during the fourth quarter. Benjamin Edwards Inc. now owns 11,188 shares of the company’s stock worth $1,599,000 after purchasing an additional 2,967 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Company Profile

(Get Free Report)

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.

See Also