Builders FirstSource (NYSE:BLDR) Price Target Cut to $168.00 by Analysts at BMO Capital Markets

Builders FirstSource (NYSE:BLDR) had its price objective reduced by equities researchers at BMO Capital Markets from $175.00 to $168.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 22.61% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Oppenheimer restated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday. Stephens boosted their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Finally, Benchmark cut their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Down 0.2 %

Shares of NYSE BLDR traded down $0.33 during mid-day trading on Monday, reaching $137.02. 559,713 shares of the company’s stock traded hands, compared to its average volume of 1,622,958. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70. The stock has a market cap of $15.77 billion, a P/E ratio of 15.11, a PEG ratio of 0.80 and a beta of 2.12. The business has a 50-day simple moving average of $154.21 and a 200 day simple moving average of $170.75.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. On average, analysts expect that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock worth $1,557,703,000 after purchasing an additional 740,214 shares in the last quarter. Mountaineer Partners Management LLC bought a new position in Builders FirstSource in the 3rd quarter worth approximately $2,099,877,000. Invesco Ltd. grew its stake in Builders FirstSource by 1.2% in the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock valued at $322,105,000 after buying an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Builders FirstSource by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company’s stock valued at $319,898,000 after acquiring an additional 77,666 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its position in shares of Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after acquiring an additional 623,583 shares in the last quarter. 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.