Builders FirstSource (NYSE:BLDR) Price Target Cut to $102.00 by Analysts at Deutsche Bank Aktiengesellschaft

Builders FirstSource (NYSE:BLDR) had its price objective cut by Deutsche Bank Aktiengesellschaft from $117.00 to $102.00 in a report released on Monday,MarketScreener reports. They currently have a hold rating on the stock.

Several other equities analysts also recently issued reports on the stock. Barclays dropped their price target on shares of Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating for the company in a research note on Friday. Zacks Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Loop Capital lowered their target price on Builders FirstSource from $145.00 to $140.00 in a research report on Friday, October 31st. BMO Capital Markets cut their target price on Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating on the stock in a report on Friday. Finally, Wells Fargo & Company increased their price target on Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a research note on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $127.39.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $107.32 on Monday. The stock has a 50-day moving average price of $114.75 and a two-hundred day moving average price of $119.93. Builders FirstSource has a 12 month low of $94.35 and a 12 month high of $151.03. The company has a market capitalization of $11.87 billion, a PE ratio of 27.66, a P/E/G ratio of 1.77 and a beta of 1.56. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share (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 analyst estimates of $3.46 billion. Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The business’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 EPS. Analysts expect that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its position in shares of Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares in the last quarter. Cromwell Holdings LLC increased its holdings in Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in Builders FirstSource in the third quarter valued at approximately $34,000. CYBER HORNET ETFs LLC acquired a new position in Builders FirstSource in the second quarter valued at approximately $38,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $38,000. 95.53% of the stock is owned by institutional investors.

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.