Builders FirstSource (NYSE:BLDR) Price Target Cut to $118.00 by Analysts at Stifel Nicolaus

Builders FirstSource (NYSE:BLDR - Get Free Report) had its price target dropped by equities research analysts at Stifel Nicolaus from $125.00 to $118.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Stifel Nicolaus' price objective points to a potential upside of 8.91% from the company's previous close.

BLDR has been the topic of several other research reports. Loop Capital lowered their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Stephens dropped their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. BMO Capital Markets reduced their price target on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a report on Monday. Finally, Truist Financial cut their target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $167.58.

Builders FirstSource Stock Up 2.2 %

Shares of NYSE BLDR traded up $2.36 during mid-day trading on Monday, hitting $108.35. The company had a trading volume of 136,800 shares, compared to its average volume of 1,677,826. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm has a 50-day simple moving average of $122.90 and a two-hundred day simple moving average of $149.62. The company has a market capitalization of $12.32 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. Builders FirstSource has a one year low of $103.81 and a one year high of $203.14.

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, beating analysts' consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business's revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $2.65 earnings per share. On average, equities analysts expect that Builders FirstSource will post 11.59 EPS for the current year.

Builders FirstSource announced that its Board of Directors has approved a share buyback program on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On Builders FirstSource

Large investors have recently made changes to their positions in the business. World Investment Advisors LLC bought a new stake in shares of Builders FirstSource in the third quarter valued at $349,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of Builders FirstSource by 18.1% during the third 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. Principal Financial Group Inc. lifted its holdings in shares of Builders FirstSource by 38.5% during the 3rd quarter. Principal Financial Group Inc. now owns 201,306 shares of the company's stock worth $39,025,000 after acquiring an additional 56,009 shares during the last quarter. GAMMA Investing LLC lifted its stake in Builders FirstSource by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 1,157 shares of the company's stock worth $165,000 after purchasing an additional 97 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Builders FirstSource during the fourth quarter worth approximately $470,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.