Builders FirstSource (NYSE:BLDR) Price Target Cut to $170.00 by Analysts at Benchmark

Builders FirstSource (NYSE:BLDR) had its target price trimmed by Benchmark from $200.00 to $170.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

BLDR has been the subject of several other reports. UBS Group assumed coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price target for the company. Royal Bank of Canada raised their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Barclays lowered their target price on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Stephens increased their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Raymond James restated an “outperform” rating and set a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a research note on Friday. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and an average price target of $196.88.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $137.14 on Friday. Builders FirstSource has a 12 month low of $130.75 and a 12 month high of $214.70. The company’s fifty day simple moving average is $154.21 and its 200-day simple moving average is $170.52. The firm has a market cap of $15.78 billion, a PE ratio of 13.39, a P/E/G ratio of 0.81 and a beta of 2.12. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last issued 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. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Equities research analysts expect that Builders FirstSource will post 11.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Builders FirstSource during the third quarter worth about $28,000. Reston Wealth Management LLC bought a new position in shares of Builders FirstSource during the third quarter worth approximately $39,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $33,000. Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource in the third quarter valued at approximately $46,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds 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.