Benchmark Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its target price reduced by research analysts at Benchmark from $142.00 to $138.00 in a note issued to investors on Friday,MarketScreener reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective indicates a potential upside of 22.08% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. DA Davidson lowered their price target on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Barclays raised their price target on Builders FirstSource from $123.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $111.00 price objective on shares of Builders FirstSource in a report on Friday, January 9th. Jefferies Financial Group boosted their price target on Builders FirstSource from $110.00 to $112.00 and gave the company a “hold” rating in a report on Monday, January 26th. Finally, Wells Fargo & Company boosted their target price on Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a research note on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average target price of $131.57.

Builders FirstSource Trading Up 1.5%

Shares of Builders FirstSource stock traded up $1.62 during trading on Friday, hitting $113.04. The company’s stock had a trading volume of 44,623 shares, compared to its average volume of 2,218,318. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 14.26 and a beta of 1.56. Builders FirstSource has a 52 week low of $94.35 and a 52 week high of $151.03. The stock has a 50-day moving average price of $114.66 and a two-hundred day moving average price of $120.39. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last posted 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 company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.Builders FirstSource’s revenue was down 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.31 earnings per share. Equities research analysts anticipate that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC grew its stake in shares of Builders FirstSource by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after purchasing an additional 295 shares during the period. Woodline Partners LP lifted its stake in shares of Builders FirstSource by 40.7% in the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after buying an additional 2,812 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Builders FirstSource by 7.6% in the 2nd quarter. Nordea Investment Management AB now owns 11,541 shares of the company’s stock valued at $1,347,000 after purchasing an additional 819 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Builders FirstSource by 3.1% during the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock worth $354,000 after buying an additional 90 shares during the period. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Builders FirstSource by 13.2% in the second quarter. Rehmann Capital Advisory Group now owns 6,829 shares of the company’s stock valued at $797,000 after purchasing an additional 798 shares in the last quarter. 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.