Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday after Barclays lowered their price target on the stock from $165.00 to $151.00. Barclays currently has an overweight rating on the stock. Builders FirstSource traded as low as $112.13 and last traded at $113.66, with a volume of 2500213 shares. The stock had previously closed at $118.91.
A number of other brokerages have also weighed in on BLDR. Stifel Nicolaus lowered their price objective on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Wedbush reaffirmed an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Benchmark reduced their target price on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Royal Bank of Canada cut their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Finally, Raymond James reissued an "outperform" rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $187.89.
Read Our Latest Analysis on BLDR
Institutional Trading of Builders FirstSource
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLDR. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Builders FirstSource by 3.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock worth $278,000 after purchasing an additional 64 shares during the last quarter. Integrated Investment Consultants LLC lifted its stake in shares of Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company's stock valued at $2,145,000 after buying an additional 65 shares during the period. TFB Advisors LLC boosted its position in Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock worth $546,000 after acquiring an additional 79 shares during the last quarter. HighPoint Advisor Group LLC grew its stake in Builders FirstSource by 5.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock worth $262,000 after acquiring an additional 83 shares during the period. Finally, Aptus Capital Advisors LLC raised its holdings in Builders FirstSource by 6.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock valued at $214,000 after acquiring an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.
Builders FirstSource Trading Up 0.6 %
The business has a 50 day simple moving average of $134.62 and a two-hundred day simple moving average of $159.09. 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 has a market cap of $13.72 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99.
Builders FirstSource (NYSE:BLDR - Get Free Report) last released its 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. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.
About Builders FirstSource
(
Get Free Report)
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.
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