Loop Capital Cuts Builders FirstSource (NYSE:BLDR) Price Target to $170.00

Builders FirstSource (NYSE:BLDR) had its target price cut by Loop Capital from $190.00 to $170.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on BLDR. Truist Financial dropped their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. BMO Capital Markets cut their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Benchmark reduced their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Wedbush restated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $186.84.

Builders FirstSource Stock Down 4.3 %

BLDR stock opened at $113.15 on Monday. The company has a market cap of $12.87 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.80 and a beta of 1.99. The firm has a 50-day moving average of $132.13 and a two-hundred day moving average of $157.77. Builders FirstSource has a 12 month low of $110.84 and a 12 month high of $203.14. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

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

Institutional Trading of Builders FirstSource

Hedge funds have recently modified their holdings of the stock. FMR LLC raised its position in Builders FirstSource by 7.3% in the 4th 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. Invesco Ltd. raised its holdings in Builders FirstSource by 1.2% in the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock valued at $322,105,000 after acquiring an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Builders FirstSource by 3.6% in the fourth 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 during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in 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 acquiring an additional 623,583 shares in the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of Builders FirstSource by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock valued at $237,753,000 after purchasing an additional 285,458 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.