Builders FirstSource (NYSE:BLDR) Price Target Cut to $188.00 by Analysts at Barclays

Builders FirstSource (NYSE:BLDR) had its price target reduced by Barclays from $211.00 to $188.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 14.57% from the company’s previous close.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target for the company. Bank of America raised their target price on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. DA Davidson raised 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. Finally, Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $164.09 on Thursday. Builders FirstSource has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The business has a fifty day moving average price of $163.99 and a two-hundred day moving average price of $169.30. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a market capitalization of $18.88 billion, a PE ratio of 16.02, a P/E/G ratio of 0.75 and a beta of 2.11.

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

Insider Activity at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLDR. Mountaineer Partners Management LLC purchased a new stake in shares of Builders FirstSource during the third quarter worth about $2,099,877,000. FMR LLC raised its holdings in shares of Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after acquiring an additional 277,897 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Builders FirstSource in the third quarter worth approximately $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource during the third quarter worth approximately $255,867,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.