Builders FirstSource (NYSE:BLDR) Price Target Cut to $170.00 by Analysts at Loop Capital

Builders FirstSource (NYSE:BLDR) had its target price lowered by Loop Capital from $190.00 to $170.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

BLDR has been the topic of a number of other research reports. Benchmark lowered their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on Builders FirstSource in a report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 price objective for the company. The Goldman Sachs Group lowered their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada cut their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Finally, Stifel Nicolaus lowered their price objective 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, February 24th. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.84.

Builders FirstSource Stock Performance

BLDR stock opened at $119.56 on Monday. The stock’s 50 day simple moving average is $133.77 and its 200 day simple moving average is $158.35. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource has a 12-month low of $110.84 and a 12-month high of $203.14. The stock has a market capitalization of $13.60 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. As a group, 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

A number of institutional investors and hedge funds have recently bought and sold shares of BLDR. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource during the fourth quarter worth about $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $34,000. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource during the first quarter valued at approximately $40,000. Avion Wealth lifted its holdings in shares of Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after buying an additional 306 shares in the last quarter. Finally, Mather Group LLC. boosted its position in shares of Builders FirstSource by 91.2% during the fourth quarter. Mather Group LLC. now owns 497 shares of the company’s stock worth $71,000 after acquiring an additional 237 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

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.