Jefferies Financial Group Cuts Builders FirstSource (NYSE:BLDR) Price Target to $85.00

Key Points

• Jefferies cut its price target on Builders FirstSource to $85.00 from $110.00 and kept a "hold" rating, implying about a 3.19% downside from the prior close.
• Multiple brokerages have lowered targets recently, though analyst consensus remains a "Hold" with an average target of $121.39 (9 Buy, 10 Hold, 3 Sell).
• BLDR missed the quarter with $1.12 EPS vs. $1.30 expected and revenue down 12.1% year-over-year, while a director bought 50,000 shares at $87.73, signaling insider confidence.

Builders FirstSource (NYSE:BLDR - Get Free Report) had its price target cut by investment analysts at Jefferies Financial Group from $110.00 to $85.00 in a report issued on Monday,MarketScreener reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's price objective would suggest a potential downside of 3.19% from the company's previous close.

A number of other brokerages also recently weighed in on BLDR. Wells Fargo & Company lowered their price target on Builders FirstSource from $120.00 to $87.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 8th. Barclays dropped their price objective on Builders FirstSource from $124.00 to $114.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. DA Davidson cut their price objective on Builders FirstSource from $115.00 to $111.00 and set a "neutral" rating for the company in a research report on Monday, February 2nd. UBS Group reduced their target price on Builders FirstSource from $166.00 to $143.00 and set a "buy" rating for the company in a research note on Tuesday, January 6th. Finally, Stifel Nicolaus dropped their price target on Builders FirstSource from $115.00 to $93.00 and set a "hold" rating on the stock in a research note on Monday, March 16th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $121.39.

Builders FirstSource Stock Performance

NYSE BLDR opened at $87.80 on Monday. The firm has a market capitalization of $9.71 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 2.12 and a beta of 1.63. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The firm's fifty day moving average price is $97.61 and its two-hundred day moving average price is $108.20. Builders FirstSource has a 1 year low of $76.50 and a 1 year high of $151.03.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing analysts' consensus estimates of $1.30 by ($0.18). The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.46 billion. Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The business's revenue was down 12.1% on a year-over-year basis. During the same period last year, the business earned $2.31 EPS. As a group, research analysts anticipate that Builders FirstSource will post 11.59 EPS for the current year.

Insider Activity

In other Builders FirstSource news, Director Paul S. Levy bought 50,000 shares of the firm's stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, the director directly owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Builders FirstSource

A number of large investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC raised its holdings in Builders FirstSource by 9.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company's stock valued at $432,000 after acquiring an additional 295 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Builders FirstSource by 40.7% during the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company's stock worth $1,215,000 after purchasing an additional 2,812 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Builders FirstSource by 180.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company's stock worth $185,000 after purchasing an additional 1,017 shares during the period. Baird Financial Group Inc. increased its position in shares of Builders FirstSource by 230.7% in the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company's stock worth $2,210,000 after purchasing an additional 13,215 shares during the period. Finally, Jump Financial LLC raised its stake in Builders FirstSource by 144.1% in the second quarter. Jump Financial LLC now owns 7,223 shares of the company's stock valued at $843,000 after purchasing an additional 4,264 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.

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