Builders FirstSource (NYSE:BLDR - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Wedbush in a research note issued to investors on Wednesday, RTT News reports. They presently have a $230.00 price objective on the stock. Wedbush's price objective would suggest a potential upside of 34.46% from the company's current price.
Several other analysts have also commented on BLDR. Loop Capital raised their target price on Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Baird R W upgraded Builders FirstSource from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 7th. Barclays raised their target price on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $217.00 to $195.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Finally, Royal Bank of Canada lowered their price objective on shares of Builders FirstSource from $193.00 to $178.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.94.
Check Out Our Latest Stock Analysis on Builders FirstSource
NYSE:BLDR traded down $9.93 during trading hours on Wednesday, hitting $171.06. 888,563 shares of the stock traded hands, compared to its average volume of 1,564,647. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average price of $184.50 and a 200 day moving average price of $168.39. The company has a market cap of $19.92 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 10.15 and a beta of 2.08. Builders FirstSource has a 1 year low of $120.80 and a 1 year high of $214.70.
Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the business earned $4.24 EPS. The firm's revenue for the quarter was down 6.7% on a year-over-year basis. Sell-side analysts forecast that Builders FirstSource will post 11.69 EPS for the current fiscal year.
Builders FirstSource announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.
In other news, Director Craig Arthur Steinke sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the transaction, the director now owns 95,333 shares of the company's stock, valued at $14,650,775.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLDR. Huntington National Bank increased its position in shares of Builders FirstSource by 68.5% in the third quarter. Huntington National Bank now owns 1,282 shares of the company's stock worth $249,000 after acquiring an additional 521 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $521,000. Oppenheimer & Co. Inc. boosted its stake in Builders FirstSource by 2.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,203 shares of the company's stock valued at $5,274,000 after acquiring an additional 721 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Builders FirstSource by 46.2% during the third quarter. Victory Capital Management Inc. now owns 564,895 shares of the company's stock worth $109,511,000 after purchasing an additional 178,449 shares during the last quarter. Finally, Aptus Capital Advisors LLC bought a new position in Builders FirstSource during the 3rd quarter worth approximately $273,000. Institutional investors and hedge funds own 95.53% of the company's stock.
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.
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