Jefferies Financial Group Forecasts Strong Price Appreciation for Builders FirstSource (NYSE:BLDR) Stock

Builders FirstSource (NYSE:BLDR) had its target price lifted by analysts at Jefferies Financial Group from $110.00 to $112.00 in a report issued on Monday,MarketScreener reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential downside of 8.26% from the stock’s current price.

BLDR has been the topic of several other research reports. Vertical Research started coverage on Builders FirstSource in a research note on Monday, October 20th. They issued a “sell” rating and a $109.41 price target on the stock. Stephens reaffirmed an “equal weight” rating and issued a $137.00 target price on shares of Builders FirstSource in a research report on Tuesday, January 20th. Loop Capital lowered their target price on shares of Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday. Finally, DA Davidson decreased their price objective on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $133.97.

Builders FirstSource Stock Down 2.5%

Shares of NYSE BLDR opened at $122.08 on Monday. The company has a market capitalization of $13.50 billion, a P/E ratio of 23.19, a P/E/G ratio of 14.87 and a beta of 1.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The company has a 50 day simple moving average of $110.15 and a 200-day simple moving average of $121.80. Builders FirstSource has a 1 year low of $94.35 and a 1 year high of $175.12.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The firm’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.07 earnings per share. On average, equities research analysts predict that Builders FirstSource will post 11.59 earnings per share for the current year.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors have recently modified their holdings of the business. State Street Corp raised its stake in shares of Builders FirstSource by 0.6% in the second quarter. State Street Corp now owns 5,026,553 shares of the company’s stock valued at $586,548,000 after acquiring an additional 29,443 shares in the last quarter. Capital International Investors purchased a new stake in Builders FirstSource during the 3rd quarter worth about $429,640,000. Sands Capital Management LLC raised its position in Builders FirstSource by 139.1% in the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock valued at $294,747,000 after purchasing an additional 1,414,129 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Builders FirstSource by 235.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock valued at $229,585,000 after buying an additional 1,328,363 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Builders FirstSource by 2,498.8% during the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock worth $224,861,000 after buying an additional 1,783,164 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 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.