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

Builders FirstSource (NYSE:BLDR) had its price target cut by Benchmark from $142.00 to $138.00 in a research note issued to investors on Friday,MarketScreener reports. The firm currently has a “buy” rating on the stock. Benchmark’s target price indicates a potential upside of 22.08% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Barclays lifted their target price on Builders FirstSource from $123.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Stephens reduced their price target on Builders FirstSource from $137.00 to $125.00 and set an “equal weight” rating for the company in a research report on Wednesday. UBS Group decreased their price objective on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Jefferies Financial Group raised their price objective on shares of Builders FirstSource from $110.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and a consensus target price of $131.57.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded up $1.62 during trading on Friday, reaching $113.04. 44,623 shares of the stock traded hands, compared to its average volume of 2,218,318. The company has a market capitalization of $12.50 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 14.26 and a beta of 1.56. Builders FirstSource has a 52-week low of $94.35 and a 52-week high of $151.03. The business has a fifty day simple moving average of $114.66 and a two-hundred day simple moving average of $120.39. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the prior year, the business earned $2.31 earnings per share. The firm’s quarterly revenue was down 12.1% compared to the same quarter last year. Sell-side analysts expect that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Trading of Builders FirstSource

Institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares during the period. Cromwell Holdings LLC raised its position in shares of Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after purchasing an additional 225 shares during the period. TD Waterhouse Canada Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter worth about $34,000. CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $38,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Builders FirstSource during the second quarter worth $38,000. Institutional investors 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.