Builders FirstSource (NYSE:BLDR) Price Target Cut to $114.00 by Analysts at Barclays

Builders FirstSource (NYSE:BLDR) had its price target decreased by research analysts at Barclays from $124.00 to $114.00 in a report issued on Wednesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 44.58% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. The Goldman Sachs Group lowered their target price on Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Jefferies Financial Group dropped their price objective on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. Finally, DA Davidson lowered their price objective on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $124.39.

Builders FirstSource Trading Down 3.9%

NYSE:BLDR opened at $78.85 on Wednesday. The firm has a market capitalization of $8.72 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.91 and a beta of 1.63. The business has a 50 day simple moving average of $99.98 and a 200 day simple moving average of $109.18. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. Builders FirstSource has a 12-month low of $76.50 and a 12-month high of $151.03.

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

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the purchase, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted 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 purchasing an additional 295 shares during the period. Woodline Partners LP increased 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 during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Builders FirstSource by 62.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,203 shares of the company’s stock valued at $257,000 after buying an additional 845 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Builders FirstSource by 312.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 74,297 shares of the company’s stock valued at $8,670,000 after buying an additional 56,268 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake 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 valued at $185,000 after buying an additional 1,017 shares during the period. 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.