Jefferies Financial Group Issues Positive Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its price objective upped by Jefferies Financial Group from $110.00 to $112.00 in a research report sent to investors on Monday morning,MarketScreener reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other analysts have also issued reports on the company. KeyCorp set a $145.00 price target on Builders FirstSource in a report on Wednesday, October 1st. Stifel Nicolaus lowered their target price on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Benchmark increased their price target on Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft cut their price target on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, January 21st. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $133.97.

Builders FirstSource Stock Down 2.5%

Shares of BLDR opened at $119.26 on Monday. The firm has a fifty day moving average price of $110.55 and a 200-day moving average price of $121.68. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $13.19 billion, a P/E ratio of 22.72, a P/E/G ratio of 14.87 and a beta of 1.57. Builders FirstSource has a 12-month low of $94.35 and a 12-month high of $175.12.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The company 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%. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the business posted $3.07 EPS. Equities research analysts expect that Builders FirstSource will post 11.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BLDR. State Street Corp boosted its stake in Builders FirstSource by 0.6% in the second quarter. State Street Corp now owns 5,026,553 shares of the company’s stock valued at $586,548,000 after acquiring an additional 29,443 shares in the last quarter. Capital International Investors acquired a new stake in shares of Builders FirstSource in the 3rd quarter worth $429,640,000. Sands Capital Management LLC grew its stake in Builders FirstSource by 139.1% during the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after buying an additional 1,414,129 shares during the last quarter. Victory Capital Management Inc. increased its position in Builders FirstSource by 235.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock valued at $229,585,000 after buying an additional 1,328,363 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Builders FirstSource by 2,498.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock valued at $224,861,000 after buying an additional 1,783,164 shares in the last quarter. 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.