Robert W. Baird Increases Builders FirstSource (NYSE:BLDR) Price Target to $222.00

Builders FirstSource (NYSE:BLDR - Get Free Report) had its price objective boosted by analysts at Robert W. Baird from $190.00 to $222.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's target price would suggest a potential upside of 11.86% from the company's previous close.

Several other equities analysts have also issued reports on BLDR. Royal Bank of Canada reduced their target price on Builders FirstSource from $193.00 to $178.00 and set an "outperform" rating for the company in a report on Wednesday, August 7th. The Goldman Sachs Group assumed coverage on Builders FirstSource in a research report on Thursday, October 10th. They set a "buy" rating and a $225.00 target price for the company. Wedbush reissued an "outperform" rating and issued a $175.00 price target on shares of Builders FirstSource in a report on Tuesday, August 6th. Oppenheimer lifted their price objective on shares of Builders FirstSource from $205.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 18th. Finally, StockNews.com upgraded shares of Builders FirstSource from a "hold" rating to a "buy" rating in a research note on Monday, September 23rd. Four 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $198.38.

Builders FirstSource Stock Up 1.4 %

Builders FirstSource stock traded up $2.74 during trading on Wednesday, hitting $198.46. 1,033,735 shares of the company were exchanged, compared to its average volume of 1,589,915. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. The business's 50 day moving average is $179.24 and its 200 day moving average is $169.52. Builders FirstSource has a 52 week low of $105.24 and a 52 week high of $214.70. The company has a market capitalization of $24.22 billion, a P/E ratio of 16.98, a PEG ratio of 11.48 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.02 by $0.48. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the prior year, the company posted $3.89 earnings per share. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. Analysts predict that Builders FirstSource will post 11.68 earnings per share for the current year.

Builders FirstSource announced that its board has initiated a stock buyback program on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource stock in a transaction on Thursday, August 8th. The shares were 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 of the company's stock, valued at approximately $14,650,775.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently made changes to their positions in the business. Westside Investment Management Inc. bought a new position in shares of Builders FirstSource in the first quarter worth approximately $31,000. Armstrong Advisory Group Inc. bought a new position in shares of Builders FirstSource during the third quarter valued at about $30,000. ORG Partners LLC bought a new position in shares of Builders FirstSource during the first quarter valued at about $33,000. Innealta Capital LLC bought a new stake in shares of Builders FirstSource in the second quarter worth about $27,000. Finally, Optimum Investment Advisors purchased a new position in Builders FirstSource during the 1st quarter valued at about $52,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Company Profile

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.