Stifel Nicolaus Cuts Builders FirstSource (NYSE:BLDR) Price Target to $118.00

Builders FirstSource (NYSE:BLDR) had its price target trimmed by Stifel Nicolaus from $125.00 to $118.00 in a report published on Monday,Benzinga reports. The firm currently has a hold rating on the stock.

Other equities analysts also recently issued reports about the company. Benchmark lowered their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Stephens dropped their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Truist Financial decreased their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Loop Capital dropped their target price on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, UBS Group decreased their price target on Builders FirstSource from $180.00 to $163.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and an average price target of $167.58.

Builders FirstSource Stock Performance

NYSE BLDR opened at $106.04 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market cap of $12.06 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.80 and a beta of 1.79. The stock has a 50-day moving average of $122.90 and a two-hundred day moving average of $149.62. Builders FirstSource has a 1-year low of $103.81 and a 1-year high of $203.14.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.65 earnings per share. As a group, analysts anticipate that Builders FirstSource will post 11.59 EPS for the current year.

Builders FirstSource announced that its Board of Directors has approved a stock buyback program on Thursday, May 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds have recently bought and sold shares of BLDR. Norges Bank acquired a new position in shares of Builders FirstSource during the 4th quarter worth $199,890,000. Voya Investment Management LLC raised its position in Builders FirstSource by 174.2% during the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company’s stock worth $202,374,000 after acquiring an additional 899,841 shares during the last quarter. FMR LLC lifted its holdings in shares of Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock valued at $1,557,703,000 after purchasing an additional 740,214 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of Builders FirstSource by 15,533.9% during the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock worth $92,891,000 after purchasing an additional 645,746 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after purchasing an additional 623,583 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Company Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.