Jefferies Financial Group Has Lowered Expectations for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its price objective lowered by investment analysts at Jefferies Financial Group from $110.00 to $85.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential downside of 3.19% from the company’s previous close.

BLDR has been the subject of a number of other research reports. Barclays lowered their price target on Builders FirstSource from $124.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. William Blair initiated coverage on Builders FirstSource in a research report on Thursday, February 26th. They issued an “outperform” rating on the stock. Stephens reissued an “equal weight” rating and set a $125.00 target price on shares of Builders FirstSource in a research note on Tuesday, March 24th. Weiss Ratings cut shares of Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Finally, Robert W. Baird reduced their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $121.39.

Builders FirstSource Stock Performance

NYSE BLDR opened at $87.80 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 2.12 and a beta of 1.63. The firm’s 50 day simple moving average is $97.61 and its 200 day simple moving average is $108.20. Builders FirstSource has a 1 year low of $76.50 and a 1 year high of $151.03.

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

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, the director directly owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

Several large investors have recently modified their holdings of the business. Daiwa Securities Group Inc. grew its stake in shares of Builders FirstSource by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after purchasing an additional 78 shares during the last quarter. Aprio Wealth Management LLC raised its position in Builders FirstSource by 2.7% during the 3rd quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock worth $446,000 after purchasing an additional 98 shares during the last quarter. Ramirez Asset Management Inc. raised its position in Builders FirstSource by 25.0% during the 3rd quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock worth $61,000 after purchasing an additional 100 shares during the last quarter. New Mexico Educational Retirement Board lifted its holdings in Builders FirstSource by 2.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock worth $525,000 after buying an additional 100 shares during the period. Finally, IMA Advisory Services Inc. lifted its holdings in Builders FirstSource by 40.9% during the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after buying an additional 103 shares during the period. Institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

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.