BlackRock Fund Advisors recently announced the acquisition of new stake in Builders FirstSource Inc. (NASDAQ:BLDR). The institutional investor has increased its shareholding in the Industrials company by 6.15% to 8.1 million shares with purchase of 0.47 million shares. This fresh investment now brings its stake to 6.94% valued currently at $191.78 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.4 million to 4.39 million shares. And Select Equity Group LP has lifted its position by 55.22% or 1.31 million shares – to 3.67 million shares.
With over 3.61 million Builders FirstSource Inc. (BLDR) shares trading Tuesday and a closing price of $30.98 on the day, the dollar volume was approximately $111.84 million. The shares have shown a positive weekly performance of 10.51% and its price on 09/01/20 gained nearly 1.16%. Currently, there are 116.63M common shares owned by the public and among those 114.67M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for BLDR have a consensus price objective of $34.40. The analysts have set the share’s price value over the next 12 months at a high of $37.00 and a low of $30.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Builders FirstSource Inc. stock is 2.00 for the next 12 months. The average price target is 3.19% above its last price level and an upside to the estimated low will see the stock lose -3.27% over that period. But an upside of 16.27% will see the stock hit the forecast high price target while mean target price for the stock is $36.00.
Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 364,932 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 163,394 shares.
The top 3 mutual fund holders in Builders FirstSource Inc. are Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF. Vanguard Total Stock Market Index owns 3.3 million shares of the company’s stock, all valued at over $78.16 million. The company sold 2537.0 shares recently to bring their total holdings to about 2.83% of the shares outstanding. Vanguard Small Cap Index Fund sold 17220.0 shares to see its total holdings shrink to 2.9 million shares valued at over $68.67 million and representing 2.49% of the shares outstanding. iShares Russell 2000 ETF sold -0.11 million shares to bring its total holdings to over 2.39 million shares at a value of $56.5 million. iShares Russell 2000 ETF now owns shares totaling to 2.05% of the shares outstanding.
Shares of Builders FirstSource Inc. (NASDAQ: BLDR) opened at $30.37, down -$0.25 from a prior closing price of $30.62. However, the script later closed the day at $30.98, up 1.16%. The company’s stock has a 5-day price change of 10.51% and 39.21% over the past three months. BLDR shares are trading 21.90% year to date (YTD), with the 12-month market performance up to 63.63% higher. It has a 12-month low price of $9.00 and touched a high of $32.47 over the same period. Currently, 3.61 million shares have been traded, compared to an average intraday trading volume of 1.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.79%, 26.45%, and 39.85% respectively.
Institutional ownership of Builders FirstSource Inc. (NASDAQ: BLDR) shares accounts for 98.30% of the company’s 116.63M shares outstanding. Mutual fund holders own 43.42%, while other institutional holders and individual stakeholders account for 54.08% and 37.40% respectively.
It has a market capitalization of $3.45B and a beta (3y monthly) value of 2.62. The stock’s trailing 12-month PE ratio is 17.55, while the earnings-per-share (ttm) stands at $1.77. The company has a PEG of 3.51 and a Quick Ratio of 1.30 with the debt-to-equity ratio at 1.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.33% over the week and 4.03% over the month.
Analysts forecast that Builders FirstSource Inc. (BLDR) will achieve an EPS of $0.66 for the current quarter, $0.4 for the next quarter and $2.39 for 2021. The lowest estimate earnings-per-share for the quarter is $0.64 while analysts give the company a high EPS estimate of $0.69. Comparatively, EPS for the current quarter was $0.72 a year ago. Earnings per share for the fiscal year are expected to increase by 7.70%, and 15.20% over the next financial year. EPS should shrink at an annualized rate of 5.00% over the next five years, compared to 60.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Builders FirstSource Inc. (BLDR) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 1 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BLDR, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on August 28, 2020, with the firm’s price target at $37. Barclays coverage for the Builders FirstSource Inc. (BLDR) stock in a research note released on August 28, 2020 offered a Overweight rating with a price target of $36. B. Riley FBR was of a view on August 03, 2020 that the stock is Buy, while Evercore ISI gave the stock In-line rating on June 05, 2020, issuing a price target of $24. Deutsche Bank on their part issued Hold rating on May 05, 2020.