Royal Bank of Canada Has Lowered Expectations for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its price objective lowered by stock analysts at Royal Bank of Canada from $167.00 to $162.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 18.13% from the company’s previous close.

A number of other research firms have also issued reports on BLDR. Barclays reduced their target price on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Truist Financial dropped their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday. DA Davidson upped their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Raymond James reaffirmed an “outperform” rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and an average price target of $196.88.

Builders FirstSource Price Performance

NYSE:BLDR opened at $137.14 on Friday. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average is $154.21 and its two-hundred day moving average is $170.63. Builders FirstSource has a 12-month low of $130.75 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Research analysts expect that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Trading of Builders FirstSource

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp increased its position in Builders FirstSource by 35.2% during the 4th quarter. Mackenzie Financial Corp now owns 14,002 shares of the company’s stock worth $2,001,000 after purchasing an additional 3,647 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Builders FirstSource by 13.0% in the 4th quarter. Toronto Dominion Bank now owns 44,898 shares of the company’s stock worth $6,417,000 after acquiring an additional 5,170 shares during the period. Neo Ivy Capital Management purchased a new position in Builders FirstSource in the 4th quarter worth approximately $2,914,000. GTS Securities LLC boosted its holdings in Builders FirstSource by 136.5% in the 4th quarter. GTS Securities LLC now owns 2,577 shares of the company’s stock worth $368,000 after acquiring an additional 9,639 shares during the period. Finally, Vise Technologies Inc. boosted its holdings in Builders FirstSource by 112.7% in the 4th quarter. Vise Technologies Inc. now owns 17,349 shares of the company’s stock worth $2,480,000 after acquiring an additional 9,192 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Company Profile

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.