Builders FirstSource (NYSE:BLDR) Given New $100.00 Price Target at Stephens

Builders FirstSource (NYSE:BLDR) had its price objective cut by Stephens from $125.00 to $100.00 in a report issued on Monday, Marketbeat reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also recently commented on BLDR. Stifel Nicolaus lowered their price target on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a research note on Monday, March 16th. UBS Group lowered 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. William Blair initiated coverage on Builders FirstSource in a research note on Thursday, February 26th. They issued an “outperform” rating for the company. Royal Bank Of Canada decreased their target price on Builders FirstSource from $119.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, April 20th. Finally, DA Davidson decreased their target price on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $117.62.

Builders FirstSource Trading Down 0.1%

Shares of NYSE BLDR opened at $89.96 on Monday. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 2.71 and a beta of 1.63. The business has a 50 day simple moving average of $91.01 and a 200 day simple moving average of $105.63. Builders FirstSource has a 52 week low of $76.50 and a 52 week high of $151.03. 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 the consensus estimate of $1.30 by ($0.18). The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.46 billion. Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The company’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 EPS. On average, research analysts predict that Builders FirstSource will post 5.58 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In related news, Director Paul S. Levy bought 50,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased 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 directly owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Builders FirstSource

A number of large investors have recently added to or reduced their stakes in BLDR. Cromwell Holdings LLC boosted its position in shares of Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares during the period. Root Financial Partners LLC boosted its position in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the period. TD Waterhouse Canada Inc. bought a new stake in shares of Builders FirstSource in the third quarter valued at approximately $34,000. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after acquiring an additional 175 shares during the period. 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.