Truist Financial Lowers Builders FirstSource (NYSE:BLDR) Price Target to $180.00

Builders FirstSource (NYSE:BLDR) had its price objective reduced by Truist Financial from $220.00 to $180.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday. Wedbush restated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Stephens lifted their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada increased their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price of $196.88.

Builders FirstSource Price Performance

BLDR opened at $137.14 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The company’s 50-day moving average price is $154.21 and its 200 day moving average price is $170.52. Builders FirstSource has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.81 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. As a group, sell-side analysts expect that Builders FirstSource will post 11.5 earnings per share for the current year.

Institutional Trading of Builders FirstSource

A number of hedge funds and other institutional investors have recently made changes to their positions in BLDR. Mackenzie Financial Corp grew its position in Builders FirstSource by 35.2% in the fourth quarter. Mackenzie Financial Corp now owns 14,002 shares of the company’s stock worth $2,001,000 after buying an additional 3,647 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Builders FirstSource by 13.0% during the 4th quarter. Toronto Dominion Bank now owns 44,898 shares of the company’s stock worth $6,417,000 after acquiring an additional 5,170 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Builders FirstSource during the 4th quarter worth $2,914,000. GTS Securities LLC grew its holdings in shares of Builders FirstSource by 136.5% in the 4th quarter. GTS Securities LLC now owns 2,577 shares of the company’s stock worth $368,000 after acquiring an additional 9,639 shares during the last quarter. Finally, Vise Technologies Inc. raised its position in shares of Builders FirstSource by 112.7% during the fourth quarter. Vise Technologies Inc. now owns 17,349 shares of the company’s stock worth $2,480,000 after purchasing an additional 9,192 shares during the period. 95.53% of the stock is currently owned by institutional investors.

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.