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

Builders FirstSource (NYSE:BLDR - Get Free Report) had its price target lowered by equities research analysts at Barclays from $165.00 to $151.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price objective suggests a potential upside of 25.19% from the company's current price.

A number of other research firms have also weighed in on BLDR. The Goldman Sachs Group reduced their price objective on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Royal Bank of Canada decreased 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, February 21st. StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Loop Capital cut their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $187.89.

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Builders FirstSource Stock Performance

Builders FirstSource stock traded up $0.67 during trading hours on Tuesday, hitting $120.61. 1,494,708 shares of the stock traded hands, compared to its average volume of 1,679,724. The firm's 50 day moving average price is $134.62 and its 200-day moving average price is $159.09. The stock has a market capitalization of $13.72 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 0.80 and a beta of 1.99. Builders FirstSource has a 1 year low of $110.84 and a 1 year high of $203.14. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, equities analysts expect that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

A number of large investors have recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource during the fourth quarter worth about $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $34,000. Sentry Investment Management LLC purchased a new stake in shares of Builders FirstSource in the first quarter valued at approximately $40,000. Avion Wealth increased its holdings in shares of Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after purchasing an additional 306 shares during the last quarter. Finally, Mather Group LLC. lifted its position in Builders FirstSource by 91.2% during the fourth quarter. Mather Group LLC. now owns 497 shares of the company's stock worth $71,000 after buying an additional 237 shares in the last quarter. Hedge funds and other institutional investors 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.