Builders FirstSource (NYSE:BLDR) Earns Market Perform Rating from Analysts at Citizens Jmp

Citizens Jmp started coverage on shares of Builders FirstSource (NYSE:BLDR) in a report published on Friday morning, MarketBeat.com reports. The brokerage issued a market perform rating on the stock.

Several other equities analysts have also recently weighed in on the company. Jefferies Financial Group reduced their price target on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Barclays dropped their price objective on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Wells Fargo & Company cut their target price on Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, July 31st. Robert W. Baird set a $75.00 target price on Builders FirstSource in a report on Friday, July 31st. Finally, Stifel Nicolaus decreased their price target on Builders FirstSource from $76.00 to $70.00 and set a “hold” rating on the stock in a research report on Thursday, July 23rd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $90.35.

Builders FirstSource Stock Down 0.3%

BLDR opened at $70.02 on Friday. 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 $7.53 billion, a PE ratio of 76.95, a price-to-earnings-growth ratio of 2.28 and a beta of 1.44. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a 50 day moving average of $75.97 and a 200 day moving average of $84.38.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.38 EPS. On average, sell-side analysts expect that Builders FirstSource will post 3.15 EPS for the current year.

Builders FirstSource declared that its board has approved a share repurchase plan on Thursday, April 30th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its position in Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after buying an additional 132 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Builders FirstSource by 508.5% in the 1st 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 raised its holdings in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of Builders FirstSource by 90.2% during 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. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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.