Builders FirstSource (NYSE:BLDR) Price Target Cut to $110.00 by Analysts at Royal Bank Of Canada

Builders FirstSource (NYSE:BLDR) had its price objective reduced by Royal Bank Of Canada from $119.00 to $110.00 in a research report issued on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 23.86% from the company’s previous close.

BLDR has been the subject of a number of other research reports. Wells Fargo & Company lowered their price target on Builders FirstSource from $120.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. UBS Group decreased their target price on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Jefferies Financial Group lowered their target price on Builders FirstSource from $110.00 to $85.00 and set a “hold” rating for the company in a report on Monday, April 13th. Stephens reissued an “equal weight” rating and set a $125.00 price target on shares of Builders FirstSource in a research report on Tuesday, March 24th. Finally, Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, March 20th. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $118.87.

Builders FirstSource Trading Up 0.4%

BLDR stock opened at $88.81 on Monday. Builders FirstSource has a 12 month low of $76.50 and a 12 month high of $151.03. The firm’s 50-day moving average is $94.78 and its 200 day moving average is $107.22. The company has a market capitalization of $9.82 billion, a PE ratio of 23.09, a P/E/G ratio of 2.20 and a beta of 1.63. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.18). The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. Builders FirstSource’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period last year, the firm earned $2.31 earnings per share. On average, research analysts anticipate that Builders FirstSource will post 11.59 EPS for the current year.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the acquisition, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tran Capital Management L.P. grew its stake in shares of Builders FirstSource by 2,930.4% during the third quarter. Tran Capital Management L.P. now owns 102,154 shares of the company’s stock worth $12,386,000 after acquiring an additional 98,783 shares during the last quarter. Strs Ohio boosted its stake in Builders FirstSource by 24.0% in the 3rd quarter. Strs Ohio now owns 118,594 shares of the company’s stock worth $14,380,000 after purchasing an additional 22,926 shares in the last quarter. Candriam S.C.A. grew its position in Builders FirstSource by 28.9% during the 3rd quarter. Candriam S.C.A. now owns 53,085 shares of the company’s stock worth $6,437,000 after purchasing an additional 11,891 shares during the last quarter. Fieldview Capital Management LLC acquired a new position in Builders FirstSource during the 3rd quarter valued at approximately $2,944,000. Finally, Moody Lynn & Lieberson LLC acquired a new position in Builders FirstSource during the 3rd quarter valued at approximately $8,925,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.