Builders FirstSource (NYSE:BLDR) Price Target Cut to $93.00 by Analysts at Stifel Nicolaus

Builders FirstSource (NYSE:BLDR) had its price objective reduced by Stifel Nicolaus from $115.00 to $93.00 in a research report report published on Monday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

BLDR has been the subject of several other research reports. Zacks Research downgraded shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, January 21st. Royal Bank Of Canada upgraded Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 target price for the company in a report on Thursday, March 5th. Finally, DA Davidson dropped their price target on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $126.65.

Builders FirstSource Trading Down 1.2%

NYSE BLDR opened at $87.05 on Monday. The company’s 50-day moving average price is $112.46 and its 200-day moving average price is $115.52. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The stock has a market cap of $9.63 billion, a PE ratio of 22.44, a PEG ratio of 2.13 and a beta of 1.56. Builders FirstSource has a 12 month low of $86.18 and a 12 month high of $151.03.

Builders FirstSource (NYSE:BLDR) last posted 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 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%.The company’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.31 EPS. Equities research analysts forecast that Builders FirstSource will post 11.59 earnings per share for the current year.

Insider Activity 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 stock was purchased at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the transaction, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. The trade was a 2.98% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% 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 the stock. Cromwell Holdings LLC lifted its position in shares of 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 last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after buying an additional 132 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $34,000. Transamerica Financial Advisors LLC raised its stake in shares of Builders FirstSource by 90.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after acquiring an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource during the second quarter valued at approximately $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.