Builders FirstSource (NYSE:BLDR) Given New $87.00 Price Target at Wells Fargo & Company

Builders FirstSource (NYSE:BLDR) had its price objective reduced by Wells Fargo & Company from $120.00 to $87.00 in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have an equal weight rating on the stock.

BLDR has been the topic of several other reports. Weiss Ratings lowered shares of Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Robert W. Baird reduced their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Barclays reduced their price objective on shares of Builders FirstSource from $124.00 to $114.00 and set an “overweight” rating on the stock in a report on Wednesday. DA Davidson reduced their price objective on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Finally, Royal Bank Of Canada upgraded shares of Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 price objective on the stock in a report on Thursday, March 5th. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $124.39.

Builders FirstSource Stock Up 5.3%

NYSE BLDR opened at $83.08 on Wednesday. Builders FirstSource has a 52 week low of $76.50 and a 52 week high of $151.03. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02. The business’s fifty day simple moving average is $99.30 and its 200-day simple moving average is $108.99. The firm has a market cap of $9.19 billion, a PE ratio of 21.41, a P/E/G ratio of 1.91 and a beta of 1.63.

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

Insider Transactions at Builders FirstSource

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

Institutional Trading of Builders FirstSource

A number of institutional investors and hedge funds have recently bought and sold shares of BLDR. Cromwell Holdings LLC increased its stake in Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in shares of Builders FirstSource during the third quarter worth approximately $34,000. Transamerica Financial Advisors LLC increased its stake in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after buying an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource during the second quarter worth approximately $38,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

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.