Benchmark Has Lowered Expectations for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its target price lowered by Benchmark from $200.00 to $170.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target would suggest a potential upside of 23.96% from the stock’s current price.

BLDR has been the subject of a number of other reports. Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Stephens lifted their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada boosted their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, UBS Group assumed coverage on Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $196.88.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $137.14 on Friday. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70. The stock’s 50-day moving average is $154.21 and its 200 day moving average is $170.63. The company has a market cap of $15.78 billion, a P/E ratio of 15.14, a PEG ratio of 0.80 and a beta of 2.12. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Research analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource in the third quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource during the fourth quarter worth $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at about $34,000. Reston Wealth Management LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $39,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $46,000. 95.53% of the stock is owned by institutional investors.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.