Builders FirstSource (NYSE:BLDR) Price Target Cut to $118.00 by Analysts at Stifel Nicolaus

Builders FirstSource (NYSE:BLDR) had its price objective cut by Stifel Nicolaus from $125.00 to $118.00 in a report published on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also recently weighed in on BLDR. Stephens reduced their target price on shares of Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday. The Goldman Sachs Group decreased their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Loop Capital dropped their target price on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Royal Bank of Canada decreased their price target on Builders FirstSource from $162.00 to $132.00 and set an “outperform” rating for the company in a report on Friday. Finally, UBS Group dropped their price objective on Builders FirstSource from $180.00 to $163.00 and set a “buy” rating on the stock in a report on Friday. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average target price of $172.42.

Builders FirstSource Trading Down 2.0 %

Shares of NYSE BLDR opened at $111.88 on Monday. The stock has a fifty day simple moving average of $124.20 and a 200-day simple moving average of $150.22. Builders FirstSource has a twelve month low of $110.84 and a twelve month high of $203.14. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $12.73 billion, a PE ratio of 12.35, a PEG ratio of 0.80 and a beta of 1.79.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the firm posted $2.65 earnings per share. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities analysts forecast that Builders FirstSource will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a share repurchase program on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Builders FirstSource in the fourth quarter worth $199,890,000. Voya Investment Management LLC increased its position in shares of Builders FirstSource by 174.2% in the 4th quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company’s stock worth $202,374,000 after purchasing an additional 899,841 shares during the last quarter. FMR LLC increased its position in shares of Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company’s stock worth $1,557,703,000 after purchasing an additional 740,214 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock valued at $92,891,000 after purchasing an additional 645,746 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its position in shares of Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after purchasing an additional 623,583 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Company Profile

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.