Builders FirstSource (NYSE:BLDR) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Builders FirstSource (NYSE:BLDR) from a buy rating to a hold rating in a report released on Wednesday morning.

Other equities analysts have also recently issued reports about the company. Barclays raised their price objective on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. DA Davidson raised their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday. Stifel Nicolaus decreased their price target 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. The Goldman Sachs Group initiated coverage on Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective for the company. Finally, Robert W. Baird lifted their price target on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $206.88.

Builders FirstSource Trading Down 2.3 %

NYSE BLDR opened at $176.78 on Wednesday. Builders FirstSource has a 12 month low of $120.80 and a 12 month high of $214.70. The company has a 50-day moving average of $184.58 and a 200-day moving average of $168.44. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. The company has a market cap of $20.59 billion, a P/E ratio of 15.52, a P/E/G ratio of 10.15 and a beta of 2.08.

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

Builders FirstSource announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors and hedge funds have recently bought and sold shares of BLDR. Norden Group LLC purchased a new stake in shares of Builders FirstSource during the first quarter worth $265,000. Private Advisor Group LLC raised its position in Builders FirstSource by 20.2% during the first quarter. Private Advisor Group LLC now owns 4,823 shares of the company’s stock valued at $1,006,000 after purchasing an additional 811 shares in the last quarter. Nordea Investment Management AB raised its position in Builders FirstSource by 5.6% during the first quarter. Nordea Investment Management AB now owns 9,834 shares of the company’s stock valued at $2,067,000 after purchasing an additional 523 shares in the last quarter. Manchester Capital Management LLC grew its stake in shares of Builders FirstSource by 58,733.3% during the first quarter. Manchester Capital Management LLC now owns 1,765 shares of the company’s stock valued at $368,000 after buying an additional 1,762 shares during the last quarter. Finally, ORG Partners LLC bought a new position in shares of Builders FirstSource during the first quarter valued at about $33,000. 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.