Benchmark Cuts Builders FirstSource (NYSE:BLDR) Price Target to $170.00

Builders FirstSource (NYSE:BLDR) had its price objective lowered by Benchmark from $200.00 to $170.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on BLDR. UBS Group began coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 price target on the stock. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Stifel Nicolaus restated a “buy” rating and set a $175.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 8th. DA Davidson increased their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Stephens increased their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $196.88.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $137.14 on Friday. The firm has a market cap of $15.78 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 0.81 and a beta of 2.12. Builders FirstSource has a 52 week low of $130.75 and a 52 week high of $214.70. The firm’s fifty day moving average is $154.21 and its 200-day moving average is $170.52. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share 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 analysts’ expectations of $3.90 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. Sell-side analysts predict that Builders FirstSource will post 11.5 earnings per share for the current year.

Institutional Trading of Builders FirstSource

Institutional investors and hedge funds have recently made changes to their positions in the company. World Equity Group Inc. grew its stake in Builders FirstSource by 4.1% in the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after purchasing an additional 64 shares during the period. HighTower Advisors LLC lifted its stake in Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after purchasing an additional 64 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Builders FirstSource by 3.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock valued at $278,000 after purchasing an additional 64 shares during the period. Integrated Investment Consultants LLC increased its position in Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after buying an additional 65 shares during the last quarter. Finally, TFB Advisors LLC increased its position in Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors 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.