Builders FirstSource (NYSE:BLDR – Free Report) had its price objective reduced by UBS Group from $88.00 to $75.00 in a research report sent to investors on Friday,Benzinga reports. UBS Group currently has a buy rating on the stock.
A number of other equities research analysts have also recently commented on BLDR. William Blair cut Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 22nd. Stifel Nicolaus cut their target price on Builders FirstSource from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Monday, October 26th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $78.00 price target on shares of Builders FirstSource in a research report on Friday. BMO Capital Markets reaffirmed a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a report on Thursday, August 6th. Finally, Robert W. Baird set a $75.00 target price on Builders FirstSource in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $75.40.
View Our Latest Analysis on BLDR
Builders FirstSource Price Performance
BLDR stock opened at $64.76 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 175.03, a PEG ratio of 2.15 and a beta of 1.41. The company’s fifty day simple moving average is $59.28 and its 200 day simple moving average is $80.72. Builders FirstSource has a 12-month low of $49.67 and a 12-month high of $131.50.
Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business posted $1.88 EPS. On average, analysts expect that Builders FirstSource will post 3.09 earnings per share for the current year.
Hedge Funds Weigh In On Builders FirstSource
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. increased its holdings in Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the last quarter. Root Financial Partners LLC boosted its stake in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the last quarter. Allworth Financial LP purchased a new position in Builders FirstSource in the second quarter valued at about $42,000. Clark Wealth Partners bought a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $27,000. Finally, PFS Partners LLC bought a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $28,000. 95.53% of the stock is owned by hedge funds and other institutional investors.
About Builders FirstSource
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.
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