Builders FirstSource (NYSE:BLDR) Price Target Cut to $100.00 by Analysts at BMO Capital Markets

Builders FirstSource (NYSE:BLDR) had its target price trimmed by BMO Capital Markets from $120.00 to $100.00 in a report released on Monday morning,MarketScreener reports. They currently have a market perform rating on the stock.

Other equities analysts also recently issued reports about the stock. Robert W. Baird decreased their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Bank of America decreased their price target on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday. William Blair started coverage on shares of Builders FirstSource in a research note on Thursday, February 26th. They issued an “outperform” rating on the stock. The Goldman Sachs Group decreased their price target on shares of Builders FirstSource from $142.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Stephens restated an “equal weight” rating and issued a $125.00 price target on shares of Builders FirstSource in a research note on Tuesday, March 24th. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $118.87.

Builders FirstSource Price Performance

NYSE:BLDR opened at $91.33 on Monday. Builders FirstSource has a one year low of $76.50 and a one year high of $151.03. The company has a market cap of $10.10 billion, a P/E ratio of 23.54, a P/E/G ratio of 2.20 and a beta of 1.63. The firm’s fifty day moving average price is $94.12 and its two-hundred day moving average price is $106.96. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 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 company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the firm earned $2.31 earnings per share. Builders FirstSource’s revenue for the quarter was down 12.1% on a year-over-year basis. Equities analysts expect that Builders FirstSource will post 5.68 earnings per share for the current year.

Insider Buying and Selling at Builders FirstSource

In related news, Director Paul S. Levy purchased 50,000 shares of Builders FirstSource stock in a transaction dated Friday, March 13th. The shares were bought 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 in the company, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tran Capital Management L.P. raised its holdings in Builders FirstSource by 2,930.4% during the 3rd quarter. Tran Capital Management L.P. now owns 102,154 shares of the company’s stock worth $12,386,000 after purchasing an additional 98,783 shares during the last quarter. Strs Ohio raised its holdings in Builders FirstSource by 24.0% during the 3rd quarter. Strs Ohio now owns 118,594 shares of the company’s stock worth $14,380,000 after purchasing an additional 22,926 shares during the last quarter. Candriam S.C.A. raised its holdings in Builders FirstSource by 28.9% during the 3rd quarter. Candriam S.C.A. now owns 53,085 shares of the company’s stock worth $6,437,000 after purchasing an additional 11,891 shares during the last quarter. Fieldview Capital Management LLC bought a new position in Builders FirstSource during the 3rd quarter worth approximately $2,944,000. Finally, Moody Lynn & Lieberson LLC bought a new position in Builders FirstSource during the 3rd quarter worth approximately $8,925,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.