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

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

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada upped their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 8th. UBS Group assumed coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. 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 assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $196.88.

Builders FirstSource Stock Down 5.0 %

Builders FirstSource stock opened at $137.14 on Friday. The company has a market capitalization of $15.78 billion, a P/E ratio of 15.14, a PEG ratio of 0.80 and a beta of 2.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The stock 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 earnings per share for the quarter, beating analysts’ consensus estimates 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 30.54% and a net margin of 6.57%. Equities research analysts expect that Builders FirstSource will post 11.59 earnings per share for the current year.

Institutional Trading of Builders FirstSource

Several institutional investors and hedge funds have recently modified their holdings of BLDR. Brooklyn Investment Group purchased a new position in Builders FirstSource during the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource in the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new position in Builders FirstSource during the fourth quarter worth approximately $34,000. Reston Wealth Management LLC purchased a new position in Builders FirstSource during the third quarter worth approximately $39,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $46,000. 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.