BMO Capital Markets Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR - Free Report) had its target price trimmed by BMO Capital Markets from $146.00 to $135.00 in a research report released on Monday, MarketBeat reports. The firm currently has a market perform rating on the stock.

BLDR has been the subject of a number of other reports. Stifel Nicolaus cut shares of Builders FirstSource from a "buy" rating to a "hold" rating and decreased their price target for the company from $156.00 to $125.00 in a report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Builders FirstSource in a research report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price target on the stock. Royal Bank of Canada reduced their price objective on Builders FirstSource from $162.00 to $132.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Benchmark dropped their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, Stephens decreased their price target on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $167.58.

Builders FirstSource Stock Down 1.0 %

Shares of NYSE:BLDR traded down $1.11 on Monday, reaching $106.04. The company had a trading volume of 2,764,841 shares, compared to its average volume of 1,683,733. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $12.06 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.80 and a beta of 1.79. The stock has a 50-day moving average price of $122.90 and a 200 day moving average price of $149.62. Builders FirstSource has a twelve month low of $103.81 and a twelve month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the prior year, the business earned $2.65 earnings per share. The company's revenue was down 6.0% on a year-over-year basis. On average, equities analysts expect that Builders FirstSource will post 11.59 EPS for the current year.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Builders FirstSource during the fourth quarter valued at $199,890,000. Voya Investment Management LLC raised 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 lifted its position in Builders FirstSource by 7.3% during 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 boosted its stake in shares of Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock valued at $92,891,000 after purchasing an additional 645,746 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its holdings in 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 buying an additional 623,583 shares during the period. Institutional investors 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.