Barclays Has Lowered Expectations for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its price target lowered by investment analysts at Barclays from $124.00 to $114.00 in a report issued on Wednesday,MarketScreener reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 44.58% from the stock’s previous close.

BLDR has been the topic of a number of other research reports. William Blair assumed coverage on Builders FirstSource in a report on Thursday, February 26th. They issued an “outperform” rating on the stock. The Goldman Sachs Group lowered their target price on Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Jefferies Financial Group cut their price objective on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. UBS Group cut their price target on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Finally, Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $115.00 to $93.00 and set a “hold” rating on the stock in a research note on Monday, March 16th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $124.39.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $78.85 on Wednesday. The firm has a 50 day simple moving average of $99.98 and a 200-day simple moving average of $109.18. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.63. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. Builders FirstSource has a 1-year low of $76.50 and a 1-year high of $151.03.

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

Insider Buying and Selling at Builders FirstSource

In related news, Director Paul S. Levy acquired 50,000 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the purchase, the director directly owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital International Investors acquired a new position in Builders FirstSource during the 3rd quarter worth $429,640,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Builders FirstSource by 99,084.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after purchasing an additional 2,239,301 shares during the period. Franklin Resources Inc. increased its stake in Builders FirstSource by 2,498.8% during the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock valued at $224,861,000 after purchasing an additional 1,783,164 shares during the last quarter. Sands Capital Management LLC raised its holdings in shares of 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 purchasing an additional 1,414,129 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of 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 purchasing an additional 1,328,363 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

About Builders FirstSource

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.