Builders FirstSource (NYSE:BLDR) Price Target Cut to $110.00 by Analysts at Royal Bank Of Canada

Builders FirstSource (NYSE:BLDR) had its price target cut by Royal Bank Of Canada from $119.00 to $110.00 in a research note released on Monday,MarketScreener reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Stephens reissued an “equal weight” rating and issued a $125.00 price target on shares of Builders FirstSource in a report on Tuesday, March 24th. The Goldman Sachs Group cut their price target on shares of Builders FirstSource from $142.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Benchmark cut their price target on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Jefferies Financial Group cut their price target on shares of Builders FirstSource from $110.00 to $85.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $118.87.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $91.33 on Monday. The company’s 50-day moving average is $94.12 and its 200 day moving average is $106.96. 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 company has a market capitalization of $10.10 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.20 and a beta of 1.63. Builders FirstSource has a fifty-two week low of $76.50 and a fifty-two week high of $151.03.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.Builders FirstSource’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. On average, equities research analysts forecast that Builders FirstSource will post 5.68 earnings per share for the current 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 2.70% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tran Capital Management L.P. raised its stake in Builders FirstSource by 2,930.4% in the 3rd quarter. Tran Capital Management L.P. now owns 102,154 shares of the company’s stock valued at $12,386,000 after acquiring an additional 98,783 shares during the period. Strs Ohio raised its stake in Builders FirstSource by 24.0% in the 3rd quarter. Strs Ohio now owns 118,594 shares of the company’s stock valued at $14,380,000 after acquiring an additional 22,926 shares during the period. Candriam S.C.A. raised its stake in Builders FirstSource by 28.9% in the 3rd quarter. Candriam S.C.A. now owns 53,085 shares of the company’s stock valued at $6,437,000 after acquiring an additional 11,891 shares during the period. Fieldview Capital Management LLC bought a new stake in Builders FirstSource in the 3rd quarter valued at about $2,944,000. Finally, Moody Lynn & Lieberson LLC bought a new stake in Builders FirstSource in the 3rd quarter valued at about $8,925,000. 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.