Barclays Lowers Builders FirstSource (NYSE:BLDR) Price Target to $165.00

Builders FirstSource (NYSE:BLDR) had its price target lowered by Barclays from $188.00 to $165.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 20.32% from the stock’s current price.

Several other analysts have also issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price objective on shares of Builders FirstSource in a report on Wednesday, January 8th. Truist Financial cut their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday. Stephens boosted their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group decreased 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 report on Friday. Four investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.53.

Builders FirstSource Trading Down 5.0 %

NYSE:BLDR opened at $137.14 on Monday. The stock has a market cap of $15.78 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12. Builders FirstSource has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The stock’s 50-day moving average is $154.21 and its two-hundred day moving average is $170.75.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. As a group, equities research analysts forecast that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

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

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.