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

Builders FirstSource (NYSE:BLDR) had its price objective cut by investment analysts at Jefferies Financial Group from $110.00 to $85.00 in a research report issued on Monday,MarketScreener reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target would suggest a potential downside of 3.19% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. DA Davidson lowered their target price on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. William Blair initiated coverage on Builders FirstSource in a report on Thursday, February 26th. They issued an “outperform” rating for the company. Barclays lowered their target price on Builders FirstSource from $124.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. BMO Capital Markets decreased their price target on Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating for the company in a research note on Friday, February 20th. Finally, Weiss Ratings cut Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $121.39.

Builders FirstSource Price Performance

Shares of BLDR opened at $87.80 on Monday. Builders FirstSource has a 12-month low of $76.50 and a 12-month high of $151.03. The business has a 50-day simple moving average of $96.99 and a two-hundred day simple moving average of $107.99. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02. The stock has a market cap of $9.71 billion, a PE ratio of 22.63, a PEG ratio of 2.18 and a beta of 1.63.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm 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 company earned $2.31 EPS. Builders FirstSource’s revenue for the quarter was down 12.1% on a year-over-year basis. Analysts anticipate that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In related news, Director Paul S. Levy purchased 50,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the purchase, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This represents a 2.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cromwell Holdings LLC grew its stake in Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares during the period. TD Waterhouse Canada Inc. acquired a new stake in Builders FirstSource during the third quarter worth approximately $34,000. Transamerica Financial Advisors LLC grew its stake in Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource during the second quarter worth approximately $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.