Builders FirstSource (NYSE:BLDR) Price Target Cut to $100.00 by Analysts at Bank of America

Builders FirstSource (NYSE:BLDR) had its target price decreased by Bank of America from $123.00 to $100.00 in a research report report published on Monday morning,Benzinga reports. Bank of America currently has a neutral rating on the stock.

A number of other analysts have also commented on BLDR. BMO Capital Markets dropped 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. Weiss Ratings lowered Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. Deutsche Bank Aktiengesellschaft dropped their price target on Builders FirstSource from $117.00 to $102.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. UBS Group dropped their price target on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Finally, Benchmark dropped their price target on Builders FirstSource from $142.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $118.87.

Builders FirstSource Stock Up 3.2%

Shares of Builders FirstSource stock opened at $91.33 on Monday. The company’s 50 day moving average price is $94.12 and its 200-day moving average price is $106.96. Builders FirstSource has a 52-week low of $76.50 and a 52-week high of $151.03. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 2.20 and a beta of 1.63. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 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 business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the previous year, the business earned $2.31 EPS. The business’s revenue was down 12.1% compared to the same quarter last year. Equities research analysts forecast that Builders FirstSource will post 5.68 EPS for the current year.

Insider Buying and Selling

In other news, Director Paul S. Levy acquired 50,000 shares of the stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the transaction, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This represents a 2.98% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLDR. Cromwell Holdings LLC lifted its position in Builders FirstSource by 1,323.5% during the fourth 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 period. Caitong International Asset Management Co. Ltd lifted its position 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 valued at $26,000 after buying an additional 132 shares during the period. TD Waterhouse Canada Inc. purchased a new position in Builders FirstSource during the third quarter valued at $34,000. Transamerica Financial Advisors LLC lifted its position in Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after buying an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new position in Builders FirstSource during the second quarter valued at $38,000. Hedge funds and other 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.