Builders FirstSource (NYSE:BLDR) Given New $93.00 Price Target at BMO Capital Markets

Builders FirstSource (NYSE:BLDR) had its price target cut by BMO Capital Markets from $100.00 to $93.00 in a research note issued to investors on Monday,MarketScreener reports. They currently have a market perform rating on the stock.

Several other equities research analysts also recently commented on the stock. Barclays reduced their target price on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a research note on Friday. KeyCorp lowered their target price on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a research note on Monday. Jefferies Financial Group lowered their target price on Builders FirstSource from $110.00 to $85.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Finally, Bank of America lowered their target price on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.88.

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded up $1.91 on Monday, hitting $75.66. The stock had a trading volume of 286,469 shares, compared to its average volume of 2,339,169. Builders FirstSource has a twelve month low of $73.40 and a twelve month high of $151.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The firm’s 50 day moving average price is $89.22 and its 200-day moving average price is $104.78. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 2.35 and a beta of 1.49.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.12). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the firm posted $1.51 EPS. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, equities research analysts predict that Builders FirstSource will post 5.43 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has authorized a share buyback plan on Thursday, April 30th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy bought 50,000 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the purchase, the director owned 1,727,191 shares in the company, valued at $151,526,466.43. This represents a 2.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Hedge funds have recently added to or reduced their stakes in the company. Tran Capital Management L.P. boosted its holdings in Builders FirstSource by 2,930.4% in the third quarter. Tran Capital Management L.P. now owns 102,154 shares of the company’s stock valued at $12,386,000 after acquiring an additional 98,783 shares during the last quarter. Strs Ohio boosted its holdings in Builders FirstSource by 24.0% in the third quarter. Strs Ohio now owns 118,594 shares of the company’s stock valued at $14,380,000 after acquiring an additional 22,926 shares during the last quarter. Candriam S.C.A. boosted its holdings in Builders FirstSource by 28.9% in the third quarter. Candriam S.C.A. now owns 53,085 shares of the company’s stock valued at $6,437,000 after acquiring an additional 11,891 shares during the last quarter. Eagle Global Advisors LLC boosted its holdings in Builders FirstSource by 46.3% in the fourth quarter. Eagle Global Advisors LLC now owns 60,242 shares of the company’s stock valued at $6,198,000 after acquiring an additional 19,062 shares during the last quarter. Finally, Fieldview Capital Management LLC bought a new position in Builders FirstSource in the third quarter valued at about $2,944,000. Institutional investors own 95.53% of the company’s stock.

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.