Builders FirstSource (NYSE:BLDR) Price Target Cut to $180.00 by Analysts at Truist Financial

Builders FirstSource (NYSE:BLDR) had its price objective trimmed by Truist Financial from $220.00 to $180.00 in a report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also issued reports on BLDR. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research report on Wednesday, January 8th. Benchmark lowered 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. Barclays cut their price objective on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group decreased their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday. Finally, Stephens raised their target price on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Four investment 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. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $196.88.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $137.14 on Friday. The business’s fifty day moving average price is $154.21 and its 200 day moving average price is $170.52. Builders FirstSource has a twelve month low of $130.75 and a twelve month high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $15.78 billion, a P/E ratio of 13.39, a PEG ratio of 0.81 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating 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 return on equity of 33.55% and a net margin of 7.40%. As a group, research analysts anticipate that Builders FirstSource will post 11.5 earnings per share for the current year.

Institutional Trading of Builders FirstSource

A number of hedge funds have recently made changes to their positions in BLDR. Mountain Lake Investment Management LLC grew its holdings in Builders FirstSource by 7.0% during the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock worth $5,201,000 after acquiring an additional 2,367 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Builders FirstSource during the fourth quarter worth about $27,089,000. Lecap Asset Management Ltd. grew its stake in Builders FirstSource by 82.6% in the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after purchasing an additional 9,970 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in Builders FirstSource in the fourth quarter worth about $405,000. Finally, JPMorgan Chase & Co. raised its stake in Builders FirstSource by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock valued at $153,766,000 after buying an additional 58,436 shares in the last quarter. Institutional investors and hedge funds 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.