Builders FirstSource (NYSE:BLDR) Price Target Raised to $150.00

Builders FirstSource (NYSE:BLDR) had its price target hoisted by The Goldman Sachs Group from $146.00 to $150.00 in a report issued on Tuesday,MarketScreener reports. They currently have a buy rating on the stock.

BLDR has been the subject of a number of other research reports. Stifel Nicolaus cut their price objective on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Loop Capital dropped their price target on Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. Stephens reduced their price objective on Builders FirstSource from $140.00 to $137.00 in a research note on Monday, November 3rd. Robert W. Baird set a $135.00 price objective on Builders FirstSource in a report on Friday, October 31st. Finally, UBS Group lowered their target price on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Ten equities research 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, Builders FirstSource has a consensus rating of “Hold” and an average price target of $133.87.

Builders FirstSource Trading Up 1.9%

Shares of BLDR opened at $128.75 on Tuesday. The firm has a market cap of $14.24 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 15.35 and a beta of 1.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. Builders FirstSource has a 1 year low of $94.35 and a 1 year high of $175.12. The company has a 50 day simple moving average of $107.85 and a two-hundred day simple moving average of $121.90.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. The firm had revenue of $3.94 billion during 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 for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.07 earnings per share. On average, equities analysts expect that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Builders FirstSource

Large investors have recently modified their holdings of the stock. Capital International Investors bought a new stake in Builders FirstSource in the third quarter worth $429,640,000. Franklin Resources Inc. increased its position 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 acquiring an additional 1,783,164 shares during the last quarter. Sands Capital Management LLC raised its stake in shares of Builders FirstSource by 139.1% in the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock valued at $294,747,000 after acquiring an additional 1,414,129 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Builders FirstSource by 235.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock worth $229,585,000 after acquiring an additional 1,328,363 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $147,994,000. Institutional investors 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.