Builders FirstSource (NYSE:BLDR) Price Target Cut to $190.00 by Analysts at Loop Capital

Builders FirstSource (NYSE:BLDR - Free Report) had its price target reduced by Loop Capital from $205.00 to $190.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently commented on BLDR. Stephens increased their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Barclays decreased their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating on the stock in a report on Monday. Truist Financial dropped their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Wedbush reiterated an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group lowered their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $190.72.

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Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded down $2.68 during midday trading on Monday, hitting $139.41. 1,457,738 shares of the company were exchanged, compared to its average volume of 1,710,759. The firm has a 50 day simple moving average of $153.19 and a 200-day simple moving average of $170.35. Builders FirstSource has a 52 week low of $130.75 and a 52 week high of $214.70. The firm has a market cap of $15.84 billion, a P/E ratio of 15.39, a PEG ratio of 0.80 and a beta of 2.12. 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 posted 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 business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Research analysts forecast that Builders FirstSource will post 11.59 earnings per share for the current year.

Institutional Trading of Builders FirstSource

Several large investors have recently made changes to their positions in BLDR. Heck Capital Advisors LLC bought a new stake in Builders FirstSource during the 4th quarter worth approximately $196,000. Mackenzie Financial Corp raised its holdings in shares of Builders FirstSource by 35.2% in the fourth quarter. Mackenzie Financial Corp now owns 14,002 shares of the company's stock valued at $2,001,000 after purchasing an additional 3,647 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Builders FirstSource by 13.0% during the fourth quarter. Toronto Dominion Bank now owns 44,898 shares of the company's stock valued at $6,417,000 after purchasing an additional 5,170 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Builders FirstSource in the 4th quarter worth about $2,914,000. Finally, GTS Securities LLC lifted its position in shares of Builders FirstSource by 136.5% during the 4th quarter. GTS Securities LLC now owns 2,577 shares of the company's stock worth $368,000 after buying an additional 9,639 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.