Loop Capital Cuts Builders FirstSource (NYSE:BLDR) Price Target to $190.00

Builders FirstSource (NYSE:BLDR) had its price objective trimmed by Loop Capital from $205.00 to $190.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Benchmark dropped their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Stephens increased their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Truist Financial lowered their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Barclays lowered their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Stifel Nicolaus lowered their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Trading Up 1.0 %

Shares of BLDR stock opened at $142.20 on Monday. Builders FirstSource has a 52-week low of $130.75 and a 52-week high of $214.70. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The company has a 50-day simple moving average of $153.19 and a two-hundred day simple moving average of $170.35. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.80 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share 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 during the quarter, compared to the consensus estimate of $3.90 billion. Research analysts anticipate that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds have recently modified their holdings of BLDR. Brooklyn Investment Group purchased a new position in shares of Builders FirstSource in the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Builders FirstSource during the fourth quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new stake in Builders FirstSource during the fourth quarter valued at $34,000. Reston Wealth Management LLC purchased a new stake in Builders FirstSource during the third quarter valued at $39,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Builders FirstSource during the third quarter valued at $46,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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.