Barclays Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR - Get Free Report) had its target price decreased by equities research analysts at Barclays from $151.00 to $137.00 in a report released on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective indicates a potential upside of 20.60% from the stock's previous close.

Several other analysts have also recently commented on BLDR. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price for the company. The Goldman Sachs Group lowered 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 report on Friday, February 21st. BMO Capital Markets cut their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a research report on Monday, February 24th. Stifel Nicolaus lowered Builders FirstSource from a "buy" rating to a "hold" rating and decreased their price target for the stock from $156.00 to $125.00 in a research note on Tuesday. Finally, Truist Financial dropped their price target on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Six 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $184.47.

Builders FirstSource Trading Up 1.5 %

NYSE:BLDR traded up $1.67 on Friday, reaching $113.60. 95,287 shares of the company's stock were exchanged, compared to its average volume of 1,690,638. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource has a 52-week low of $110.84 and a 52-week high of $203.14. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The business has a fifty day moving average of $125.35 and a 200-day moving average of $152.00.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.16. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.65 earnings per share. As a group, analysts expect that Builders FirstSource will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors have recently added to or reduced their stakes in BLDR. Norges Bank bought a new position in shares of Builders FirstSource in the fourth quarter valued at about $199,890,000. Voya Investment Management LLC lifted its holdings in Builders FirstSource by 174.2% during the 4th quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock worth $202,374,000 after purchasing an additional 899,841 shares during the last quarter. FMR LLC boosted its stake in Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after purchasing an additional 740,214 shares during the period. Proficio Capital Partners LLC increased its position in Builders FirstSource by 15,533.9% during the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock worth $92,891,000 after buying an additional 645,746 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of Builders FirstSource by 47.2% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after acquiring an additional 623,583 shares during the period. 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.

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