Builders FirstSource (NYSE:BLDR) Given New $188.00 Price Target at Barclays

Builders FirstSource (NYSE:BLDR) had its price target lowered by equities researchers at Barclays from $211.00 to $188.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 16.41% from the stock’s current price.

BLDR has been the subject of several other reports. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday. Robert W. Baird lifted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price objective on shares of Builders FirstSource in a report on Wednesday, January 8th. Jefferies Financial Group raised their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, DA Davidson boosted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $207.31.

Builders FirstSource Stock Down 0.0 %

Shares of NYSE:BLDR traded down $0.04 during trading on Thursday, reaching $161.50. 469,332 shares of the stock traded hands, compared to its average volume of 1,599,197. The stock has a market cap of $18.59 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 0.75 and a beta of 2.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a 50-day moving average of $164.64 and a two-hundred day moving average of $169.15. Builders FirstSource has a 52-week low of $130.75 and a 52-week high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the company posted $4.24 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. As a group, sell-side analysts expect that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the transaction, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Mountaineer Partners Management LLC purchased a new stake in Builders FirstSource in the 3rd quarter worth $2,099,877,000. FMR LLC boosted its stake in shares of Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Builders FirstSource by 23.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after purchasing an additional 277,897 shares in the last quarter. Baillie Gifford & Co. bought a new stake in Builders FirstSource during the 3rd quarter valued at approximately $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in Builders FirstSource in the 3rd quarter worth approximately $255,867,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.