BMO Capital Markets Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

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

A number of other equities research analysts have also weighed in on BLDR. Loop Capital cut their price objective on Builders FirstSource from $205.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday. Wedbush reissued an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Stephens boosted their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Oppenheimer reaffirmed an "outperform" rating and set a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, Barclays lowered their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.72.

Remove Ads

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $2.68 during trading on Monday, hitting $139.41. 1,457,738 shares of the company were exchanged, compared to its average volume of 1,710,759. Builders FirstSource has a 52-week low of $130.75 and a 52-week high of $214.70. The stock has a 50 day moving average of $153.19 and a 200 day moving average of $170.35. 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 company has a market cap of $15.84 billion, a PE ratio of 15.39, a P/E/G ratio of 0.80 and a beta of 2.12.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in shares of Builders FirstSource in the third quarter worth about $28,000. Reston Wealth Management LLC purchased a new stake in Builders FirstSource during the 3rd quarter valued at approximately $39,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $33,000. Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource in the third quarter worth $46,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Builders FirstSource during the fourth quarter worth $34,000. 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.