Builders FirstSource (NYSE:BLDR) Now Covered by UBS Group

Equities research analysts at UBS Group started coverage on shares of Builders FirstSource (NYSE:BLDR) in a research note issued to investors on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $232.00 price target on the stock. UBS Group’s price target suggests a potential upside of 27.70% from the stock’s current price.

A number of other brokerages have also recently commented on BLDR. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Monday, September 23rd. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective for the company. Loop Capital lifted their price objective on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Bank of America lifted their price objective on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Finally, Benchmark cut their price objective on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Four 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 stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $200.35.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $181.67 on Friday. The firm’s fifty day moving average price is $183.52 and its 200 day moving average price is $169.27. Builders FirstSource has a 1-year low of $105.24 and a 1-year high of $214.70. 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 firm has a market cap of $22.17 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 11.48 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. Builders FirstSource’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $3.89 EPS. On average, sell-side analysts expect that Builders FirstSource will post 11.68 EPS for the current year.

Builders FirstSource announced that its Board of Directors has approved a stock buyback program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy 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.

Insider Transactions at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the sale, the director now directly owns 95,333 shares in the company, valued at approximately $14,650,775.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors have recently bought and sold shares of BLDR. Westside Investment Management Inc. bought a new position in shares of Builders FirstSource in the first quarter worth about $31,000. Armstrong Advisory Group Inc. bought a new position in shares of Builders FirstSource in the third quarter worth about $30,000. ORG Partners LLC bought a new position in shares of Builders FirstSource in the first quarter worth about $33,000. Innealta Capital LLC bought a new position in shares of Builders FirstSource in the second quarter worth about $27,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after purchasing an additional 75 shares during the period. 95.53% of the stock is currently 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.