Builders FirstSource (NYSE:BLDR) Price Target Raised to $112.00

Builders FirstSource (NYSE:BLDR) had its target price lifted by analysts at Jefferies Financial Group from $110.00 to $112.00 in a report issued on Monday,MarketScreener reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential downside of 8.26% from the stock’s current price.

A number of other brokerages also recently weighed in on BLDR. Stephens reaffirmed an “equal weight” rating and set a $137.00 price objective on shares of Builders FirstSource in a research report on Tuesday, January 20th. Barclays raised their price target on shares of Builders FirstSource from $123.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. The Goldman Sachs Group boosted their price objective on shares of Builders FirstSource from $146.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. BMO Capital Markets lowered their target price on shares of Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. Finally, Stifel Nicolaus decreased their price objective on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $133.97.

Builders FirstSource Stock Down 2.5%

Shares of Builders FirstSource stock opened at $122.08 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The firm’s 50-day moving average is $110.15 and its two-hundred day moving average is $121.80. Builders FirstSource has a 1 year low of $94.35 and a 1 year high of $175.12. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 14.87 and a beta of 1.57.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.19. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. Builders FirstSource’s revenue was down 6.9% compared to the same quarter last year. During the same period last year, the company posted $3.07 earnings per share. As a group, research analysts expect that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

Several large investors have recently added to or reduced their stakes in BLDR. Cromwell Holdings LLC raised its stake in shares of Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $34,000. CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource during the 2nd quarter worth approximately $38,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Builders FirstSource in the second quarter worth about $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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.