Builders FirstSource (NYSE:BLDR) Price Target Lowered to $156.00 at Stifel Nicolaus

Builders FirstSource (NYSE:BLDR) had its price target decreased by Stifel Nicolaus from $175.00 to $156.00 in a research report released on Monday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Raymond James reiterated an “outperform” rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Stephens lifted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Oppenheimer reissued an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, Benchmark decreased their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned 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 price target of $190.72.

Builders FirstSource Price Performance

BLDR stock opened at $142.20 on Monday. Builders FirstSource has a 12 month low of $130.75 and a 12 month high of $214.70. The firm has a market capitalization of $16.16 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12. 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 firm has a 50 day moving average of $153.19 and a 200-day moving average of $170.35.

Builders FirstSource (NYSE:BLDR) last announced its earnings results 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 net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. As a group, sell-side analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. FMR LLC boosted its holdings in Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock valued at $1,557,703,000 after acquiring an additional 740,214 shares in the last quarter. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $2,099,877,000. Invesco Ltd. boosted its holdings in shares of Builders FirstSource by 1.2% during the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock valued at $322,105,000 after buying an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Builders FirstSource by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company’s stock valued at $319,898,000 after buying an additional 77,666 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after buying an additional 623,583 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.