Builders FirstSource (NYSE:BLDR) Price Target Cut to $85.00 by Analysts at Jefferies Financial Group

Builders FirstSource (NYSE:BLDR) had its price objective decreased by Jefferies Financial Group from $110.00 to $85.00 in a report issued on Monday morning,MarketScreener reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other research firms have also issued reports on BLDR. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. DA Davidson decreased their target price on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Wells Fargo & Company decreased their target price 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 report on Tuesday, January 6th. Finally, Royal Bank Of Canada upgraded Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 target price for the company in a report on Thursday, March 5th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $121.39.

Builders FirstSource Trading Up 0.0%

NYSE:BLDR opened at $87.53 on Monday. The firm has a market cap of $9.68 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.63. The stock has a fifty day moving average price of $97.61 and a 200 day moving average price of $108.20. Builders FirstSource has a 12-month low of $76.50 and a 12-month high of $151.03. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter last year, the business posted $2.31 earnings per share. Sell-side analysts anticipate 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 purchased 50,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the acquisition, the director directly owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is owned by company insiders.

Institutional Trading of Builders FirstSource

A number of institutional investors have recently bought and sold shares of BLDR. Tran Capital Management L.P. increased its position 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 purchasing an additional 98,783 shares in the last quarter. Strs Ohio increased its position in shares of Builders FirstSource by 24.0% during the third 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. increased its position in shares of Builders FirstSource by 28.9% during the third 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 in the last quarter. Fieldview Capital Management LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth about $2,944,000. Finally, Moody Lynn & Lieberson LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth about $8,925,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.