Stifel Nicolaus Cuts Builders FirstSource (NYSE:BLDR) Price Target to $156.00

Builders FirstSource (NYSE:BLDR) had its price objective trimmed by Stifel Nicolaus from $175.00 to $156.00 in a research note published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms have also commented on BLDR. Barclays reduced their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday. The Goldman Sachs Group reduced their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada reduced their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Benchmark reduced their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, DA Davidson upped their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Trading Up 1.0 %

Shares of NYSE BLDR opened at $142.20 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource has a 52-week low of $130.75 and a 52-week high of $214.70. The firm has a 50 day moving average price of $153.19 and a two-hundred day moving average price of $170.35. The stock has a market cap of $16.16 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. As a group, equities analysts forecast that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. AMF Tjanstepension AB purchased a new stake in shares of Builders FirstSource in the third quarter valued at about $1,471,000. Creative Planning boosted its position in shares of Builders FirstSource by 35.6% in the third quarter. Creative Planning now owns 12,963 shares of the company’s stock valued at $2,513,000 after acquiring an additional 3,406 shares during the period. International Assets Investment Management LLC bought a new position in shares of Builders FirstSource in the third quarter valued at approximately $55,620,000. Ballentine Partners LLC bought a new position in shares of Builders FirstSource in the third quarter valued at approximately $248,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Builders FirstSource by 21.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,313 shares of the company’s stock valued at $1,615,000 after acquiring an additional 1,442 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

About Builders FirstSource

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.