Builders FirstSource (NYSE:BLDR) Price Target Cut to $200.00 by Analysts at Barclays

Builders FirstSource (NYSE:BLDR) had its target price cut by research analysts at Barclays from $240.00 to $200.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 18.16% from the company’s previous close.

BLDR has been the topic of a number of other research reports. Wedbush reiterated an “outperform” rating and issued a $215.00 price target (down previously from $225.00) on shares of Builders FirstSource in a research note on Tuesday. StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Robert W. Baird decreased their price target on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a research note on Wednesday. DA Davidson reiterated a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a research note on Thursday, March 28th. Finally, Truist Financial cut their price objective on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $196.27.

Builders FirstSource Stock Up 3.5 %

Builders FirstSource stock opened at $169.26 on Wednesday. The firm has a market capitalization of $20.65 billion, a PE ratio of 14.12, a P/E/G ratio of 1.22 and a beta of 2.08. The company’s 50-day moving average is $193.98 and its 200-day moving average is $169.12. Builders FirstSource has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period in the previous year, the business earned $2.96 EPS. Builders FirstSource’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Builders FirstSource will post 13.83 earnings per share for the current year.

Insider Transactions at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors have recently added to or reduced their stakes in BLDR. EdgeRock Capital LLC acquired a new position in Builders FirstSource during the 4th quarter worth approximately $25,000. Contravisory Investment Management Inc. acquired a new position in Builders FirstSource during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. acquired a new position in Builders FirstSource during the 4th quarter worth approximately $29,000. Rock Creek Group LP acquired a new position in Builders FirstSource during the 3rd quarter worth approximately $30,000. Finally, Raleigh Capital Management Inc. increased its position in Builders FirstSource by 134.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after purchasing an additional 142 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.