Builders FirstSource (NYSE:BLDR) Price Target Raised to $112.00

by · The Markets Daily

Builders FirstSource (NYSE:BLDR – Free Report) had its target price boosted by Jefferies Financial Group from $110.00 to $112.00 in a report published on Monday,MarketScreener reports. They currently have a hold rating on the stock.

Several other analysts have also issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, January 21st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Wells Fargo & Company initiated coverage on Builders FirstSource in a research note on Monday, November 17th. They set an “equal weight” rating and a $115.00 price target for the company. UBS Group reduced their price target on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Finally, DA Davidson dropped their price objective on 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 given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average price target of $133.97.

Check Out Our Latest Research Report on Builders FirstSource

Builders FirstSource Trading Down 0.2%

Shares of NYSE BLDR opened at $117.10 on Monday. The firm has a market capitalization of $12.95 billion, a PE ratio of 22.30, a PEG ratio of 14.25 and a beta of 1.57. Builders FirstSource has a one year low of $94.35 and a one year high of $173.84. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average price of $111.35 and a two-hundred day moving average price of $121.54.

Builders FirstSource (NYSE:BLDR – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period last year, the company posted $3.07 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. As a group, analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

Several large investors have recently modified their holdings of the company. Capital International Investors bought a new stake in Builders FirstSource during the third quarter valued at about $429,640,000. Franklin Resources Inc. increased its stake in shares of Builders FirstSource by 2,498.8% in the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock worth $224,861,000 after purchasing an additional 1,783,164 shares during the period. Sands Capital Management LLC lifted its position in shares of Builders FirstSource by 139.1% during the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after purchasing an additional 1,414,129 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Builders FirstSource by 235.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock valued at $229,585,000 after purchasing an additional 1,328,363 shares during the period. Finally, Norges Bank acquired a new stake in Builders FirstSource in the 2nd quarter valued at approximately $147,994,000. 95.53% of the stock is owned by institutional investors.

About Builders FirstSource

(Get Free Report)

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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