Builders FirstSource (NYSE:BLDR) Price Target Lowered to $190.00 at Loop Capital

Builders FirstSource (NYSE:BLDR) had its price objective trimmed by Loop Capital from $205.00 to $190.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

BLDR has been the topic of several other reports. Benchmark lowered their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday. Raymond James reaffirmed an “outperform” rating and set a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a report on Friday. DA Davidson lifted their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Truist Financial decreased their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday. Finally, Royal Bank of Canada lowered their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a report on Friday. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Trading Up 0.9 %

BLDR opened at $138.57 on Monday. The firm has a market cap of $15.95 billion, a price-to-earnings ratio of 15.29, a PEG 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 stock has a fifty day moving average price of $153.77 and a 200-day moving average price of $170.65. Builders FirstSource has a 12 month low of $130.75 and a 12 month high of $214.70.

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

Institutional Trading of Builders FirstSource

Several hedge funds have recently added to or reduced their stakes in BLDR. AMF Tjanstepension AB acquired a new stake in shares of Builders FirstSource during the third quarter valued at approximately $1,471,000. Creative Planning increased its stake in shares of Builders FirstSource by 35.6% in the third quarter. Creative Planning now owns 12,963 shares of the company’s stock worth $2,513,000 after purchasing an additional 3,406 shares during the period. International Assets Investment Management LLC bought a new position in Builders FirstSource during the third quarter worth $55,620,000. Ballentine Partners LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at about $248,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Builders FirstSource by 21.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,313 shares of the company’s stock worth $1,615,000 after acquiring an additional 1,442 shares during the period. Institutional investors own 95.53% of the company’s stock.

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.