Builders FirstSource (NYSE:BLDR) Price Target Lowered to $110.00 at Jefferies Financial Group

Builders FirstSource (NYSE:BLDR) had its price target lowered by Jefferies Financial Group from $112.00 to $110.00 in a report issued on Monday morning,MarketScreener reports. The firm currently has a hold rating on the stock.

BLDR has been the topic of several other reports. Robert W. Baird cut their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. BMO Capital Markets cut their price target on Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Stephens dropped their target price on Builders FirstSource from $137.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Finally, Loop Capital cut their target price on Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $127.39.

Builders FirstSource Price Performance

Shares of BLDR opened at $107.32 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. The stock has a 50 day simple moving average of $114.75 and a 200 day simple moving average of $119.93. Builders FirstSource has a 52-week low of $94.35 and a 52-week high of $151.03. The firm has a market capitalization of $11.87 billion, a PE ratio of 27.66, a P/E/G ratio of 1.77 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.18). The company had revenue of $3.36 billion for 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%.The business’s quarterly revenue was down 12.1% on a year-over-year basis. During the same quarter last year, the business posted $2.31 earnings per share. Sell-side analysts predict that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cromwell Holdings LLC boosted its holdings in shares of Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after buying an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Builders FirstSource in the third quarter valued at $34,000. Transamerica Financial Advisors LLC grew its position in shares of Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after acquiring an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds 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.