Builders FirstSource (NYSE:BLDR) Stock Price Target Lowered at UBS Group

Builders FirstSource (NYSE:BLDR) had its target price decreased by UBS Group from $88.00 to $75.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group‘s price objective suggests a potential upside of 15.81% from the company’s current price.

BLDR has been the topic of a number of other research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $78.00 price objective on shares of Builders FirstSource in a research note on Friday. Benchmark decreased their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Barclays cut their price target on shares of Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday. Wells Fargo & Company lifted their target price on Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, KeyCorp lowered their price target on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.40.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $64.76 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The business has a 50-day moving average of $59.28 and a 200-day moving average of $80.72. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 175.03, a PEG ratio of 2.15 and a beta of 1.41. Builders FirstSource has a fifty-two week low of $49.67 and a fifty-two week high of $131.50.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. Builders FirstSource’s revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Builders FirstSource will post 3.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently bought and sold shares of BLDR. BlackRock Inc. bought a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $700,934,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Builders FirstSource during the second quarter valued at about $134,908,000. Bank of America Corp DE bought a new stake in Builders FirstSource during the 2nd quarter worth approximately $83,832,000. Fort Washington Investment Advisors Inc. OH bought a new position in Builders FirstSource during the 3rd quarter valued at $48,738,000. Finally, Jupiter Topco LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter worth $73,935,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.