Builders FirstSource (NYSE:BLDR) Given New $168.00 Price Target at BMO Capital Markets

Builders FirstSource (NYSE:BLDR) had its price objective lowered by BMO Capital Markets from $175.00 to $168.00 in a report released on Monday,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other research analysts have also weighed in on BLDR. DA Davidson raised their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Benchmark reduced their price target on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday. Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday. Royal Bank of Canada cut their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Stock Up 0.9 %

NYSE:BLDR opened at $138.57 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The firm’s 50-day moving average price is $153.77 and its 200-day moving average price is $170.65. The company has a market capitalization of $15.95 billion, a PE ratio of 15.29, a P/E/G ratio of 0.80 and a beta of 2.12. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.90 billion. On average, equities analysts predict that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew its position in Builders FirstSource by 7.3% during the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock valued at $1,557,703,000 after buying an additional 740,214 shares during the period. Mountaineer Partners Management LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $2,099,877,000. Invesco Ltd. grew its position in shares of Builders FirstSource by 1.2% during the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock valued at $322,105,000 after acquiring an additional 26,314 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Builders FirstSource by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company’s stock worth $319,898,000 after purchasing an additional 77,666 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after purchasing an additional 623,583 shares during the period. Hedge funds and other 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.