The Goldman Sachs Group Cuts Builders FirstSource (NYSE:BLDR) Price Target to $180.00

Builders FirstSource (NYSE:BLDR) had its price objective cut by The Goldman Sachs Group from $200.00 to $180.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. Benchmark decreased their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday. DA Davidson boosted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Barclays dropped their price target on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. UBS Group assumed coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective on the stock. Finally, Stephens upped their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Four investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.88.

Builders FirstSource Trading Down 5.0 %

Shares of BLDR stock opened at $137.14 on Friday. Builders FirstSource has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The stock’s fifty day moving average price is $154.21 and its two-hundred day moving average price is $170.52. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The company has a market cap of $15.78 billion, a PE ratio of 13.39, a P/E/G ratio of 0.81 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. Equities analysts predict that Builders FirstSource will post 11.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently modified their holdings of the company. FMR LLC raised its stake in Builders FirstSource by 7.3% during the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock worth $1,557,703,000 after buying an additional 740,214 shares during the last quarter. Mountaineer Partners Management LLC acquired a new stake in Builders FirstSource during the 3rd quarter worth about $2,099,877,000. Invesco Ltd. raised its position in shares of Builders FirstSource by 1.2% in the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock worth $322,105,000 after acquiring an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Builders FirstSource by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company’s stock worth $319,898,000 after acquiring an additional 77,666 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after purchasing an additional 623,583 shares during the period. 95.53% of the stock is owned by 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.