Barclays Lowers Builders FirstSource (NYSE:BLDR) Price Target to $165.00

Builders FirstSource (NYSE:BLDR) had its price objective reduced by Barclays from $188.00 to $165.00 in a research note released on Monday,Benzinga reports. They currently have an overweight rating on the stock.

BLDR has been the subject of several other reports. Royal Bank of Canada cut their price objective on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, February 21st. DA Davidson lifted their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Raymond James restated an “outperform” rating and issued a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group dropped their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Trading Up 1.0 %

Shares of NYSE BLDR opened at $142.20 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70. The business has a 50-day moving average price of $153.19 and a two-hundred day moving average price of $170.35. The firm has a market capitalization of $16.16 billion, a PE ratio of 15.70, a PEG ratio of 0.80 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Brooklyn Investment Group bought a new position in Builders FirstSource during the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource in the 4th quarter worth $33,000. SBI Securities Co. Ltd. bought a new position in shares of Builders FirstSource during the 4th quarter worth about $34,000. Reston Wealth Management LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at about $39,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource in the third quarter valued at about $46,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

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.