Stifel Nicolaus Cuts Builders FirstSource (NYSE:BLDR) Price Target to $93.00

Builders FirstSource (NYSE:BLDR) had its price objective cut by Stifel Nicolaus from $115.00 to $93.00 in a report released on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other equities analysts also recently commented on the stock. Royal Bank Of Canada raised shares of Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 target price on the stock in a report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Builders FirstSource from $117.00 to $102.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. UBS Group decreased their price target on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. William Blair began coverage on shares of Builders FirstSource in a report on Thursday, February 26th. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group cut their price objective on Builders FirstSource from $150.00 to $142.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $126.65.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $86.62 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. Builders FirstSource has a 12-month low of $86.18 and a 12-month high of $151.03. The stock has a 50-day moving average price of $111.68 and a 200 day moving average price of $114.98. The stock has a market capitalization of $9.58 billion, a P/E ratio of 22.32, a P/E/G ratio of 2.19 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the prior year, the firm posted $2.31 earnings per share. The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. Equities research analysts forecast that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Builders FirstSource news, Director Paul S. Levy purchased 50,000 shares of Builders FirstSource stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the transaction, the director owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital International Investors bought a new stake in shares of Builders FirstSource in the 3rd quarter worth about $429,640,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Builders FirstSource by 99,084.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after acquiring an additional 2,239,301 shares during the last quarter. Franklin Resources Inc. grew its position in Builders FirstSource by 2,498.8% in the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock worth $224,861,000 after acquiring an additional 1,783,164 shares in the last quarter. Sands Capital Management LLC increased its stake in Builders FirstSource by 139.1% during the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after acquiring an additional 1,414,129 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Builders FirstSource by 235.1% during the third quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock worth $229,585,000 after acquiring an additional 1,328,363 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.