The Goldman Sachs Group Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its target price cut by The Goldman Sachs Group from $142.00 to $110.00 in a research report issued on Friday,MarketScreener reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 28.98% from the stock’s current price.

BLDR has been the subject of several other research reports. Robert W. Baird reduced their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings cut Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. DA Davidson lowered their target price on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. William Blair started coverage on Builders FirstSource in a research note on Thursday, February 26th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company lowered their price objective on Builders FirstSource from $120.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and a consensus target price of $122.71.

Builders FirstSource Stock Performance

NYSE BLDR opened at $85.29 on Friday. The company has a fifty day simple moving average of $98.12 and a 200 day simple moving average of $108.49. Builders FirstSource has a 12-month low of $76.50 and a 12-month high of $151.03. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The company has a market cap of $9.43 billion, a P/E ratio of 21.98, a PEG ratio of 2.12 and a beta of 1.63.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the business posted $2.31 EPS. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. Sell-side analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other news, Director Paul S. Levy acquired 50,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the purchase, the director owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. The trade was a 2.98% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its stake in Builders FirstSource by 21.3% in the 4th quarter. Hsbc Holdings PLC now owns 261,330 shares of the company’s stock valued at $26,978,000 after acquiring an additional 45,967 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Builders FirstSource by 56.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 9,735 shares of the company’s stock valued at $1,002,000 after buying an additional 3,519 shares during the period. World Investment Advisors increased its position in shares of Builders FirstSource by 73.7% during the fourth quarter. World Investment Advisors now owns 3,233 shares of the company’s stock valued at $333,000 after buying an additional 1,372 shares during the period. Rehmann Capital Advisory Group increased its position in shares of Builders FirstSource by 30.5% during the fourth quarter. Rehmann Capital Advisory Group now owns 10,350 shares of the company’s stock valued at $1,067,000 after buying an additional 2,422 shares during the period. Finally, Banque Transatlantique SA increased its position in shares of Builders FirstSource by 4.6% during the fourth quarter. Banque Transatlantique SA now owns 44,922 shares of the company’s stock valued at $4,731,000 after buying an additional 1,964 shares during the period. 95.53% of the stock is currently owned by institutional investors.

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.