Builders FirstSource (NYSE:BLDR) Price Target Cut to $137.00 by Analysts at Barclays

Builders FirstSource (NYSE:BLDR - Get Free Report) had its target price reduced by equities researchers at Barclays from $151.00 to $137.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective would indicate a potential upside of 31.81% from the stock's current price.

A number of other research firms have also recently commented on BLDR. Loop Capital lowered their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Benchmark reduced their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. The Goldman Sachs Group reduced their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Truist Financial decreased their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, StockNews.com cut shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $167.58.

Builders FirstSource Price Performance

NYSE BLDR traded down $3.22 on Friday, hitting $103.93. 1,250,435 shares of the company were exchanged, compared to its average volume of 1,703,647. The firm has a 50 day moving average of $123.56 and a two-hundred day moving average of $149.92. The company has a market cap of $11.82 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.80 and a beta of 1.79. Builders FirstSource has a 1-year low of $103.99 and a 1-year high of $203.14. 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 (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the firm posted $2.65 earnings per share. Builders FirstSource's revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities analysts predict that Builders FirstSource will post 11.59 EPS for the current year.

Builders FirstSource announced that its Board of Directors has approved a stock repurchase program on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. World Investment Advisors LLC bought a new stake in shares of Builders FirstSource during the third quarter worth about $349,000. Wilmington Savings Fund Society FSB bought a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $827,000. Tidal Investments LLC increased its position in Builders FirstSource by 129.4% in the third quarter. Tidal Investments LLC now owns 19,845 shares of the company's stock worth $3,847,000 after buying an additional 11,194 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in Builders FirstSource in the 3rd quarter valued at approximately $547,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Builders FirstSource by 18.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,270 shares of the company's stock worth $639,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

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.