Builders FirstSource (NYSE:BLDR) PT Lowered to $200.00 at Barclays

Builders FirstSource (NYSE:BLDR) had its price objective decreased by Barclays from $240.00 to $200.00 in a research report report published on Wednesday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Other analysts also recently issued research reports about the stock. Bank of America upgraded shares of Builders FirstSource from a neutral rating to a buy rating and lifted their target price for the company from $153.00 to $200.00 in a report on Monday, January 29th. Robert W. Baird reduced their price target on shares of Builders FirstSource from $207.00 to $197.00 and set a neutral rating on the stock in a research report on Wednesday. Royal Bank of Canada increased their price target on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an outperform rating in a research report on Friday, February 23rd. Truist Financial reduced their price target on shares of Builders FirstSource from $190.00 to $180.00 and set a hold rating on the stock in a research report on Wednesday. Finally, StockNews.com upgraded shares of Builders FirstSource from a hold rating to a buy rating in a research note on Wednesday, February 21st. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Builders FirstSource has a consensus rating of Moderate Buy and an average target price of $196.27.

Builders FirstSource Trading Up 3.5 %

Shares of BLDR stock traded up $5.80 during trading on Wednesday, hitting $169.26. 3,686,767 shares of the stock traded hands, compared to its average volume of 1,383,434. Builders FirstSource has a 52-week low of $105.24 and a 52-week high of $214.70. The firm has a market capitalization of $20.65 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 1.22 and a beta of 2.08. The firm’s fifty day moving average price is $194.49 and its 200-day moving average price is $169.12. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the company earned $2.96 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts forecast that Builders FirstSource will post 13.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds have recently modified their holdings of the stock. EdgeRock Capital LLC acquired a new stake in Builders FirstSource in the fourth quarter valued at $25,000. Contravisory Investment Management Inc. acquired a new stake in Builders FirstSource in the fourth quarter valued at $28,000. Rakuten Securities Inc. purchased a new position in shares of Builders FirstSource in the fourth quarter valued at $29,000. Rock Creek Group LP purchased a new position in shares of Builders FirstSource in the third quarter valued at $30,000. Finally, Raleigh Capital Management Inc. increased its position in shares of Builders FirstSource by 134.0% in the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after buying an additional 142 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

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.