Stifel Nicolaus Lowers Builders FirstSource (NYSE:BLDR) Price Target to $115.00

Builders FirstSource (NYSE:BLDR) had its price objective lowered by equities researchers at Stifel Nicolaus from $124.00 to $115.00 in a report issued on Tuesday,MarketScreener reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 9.27% from the stock’s previous close.

Several other analysts have also issued reports on the company. Wells Fargo & Company started coverage on Builders FirstSource in a report on Monday, November 17th. They set an “equal weight” rating and a $115.00 price objective for the company. The Goldman Sachs Group reduced their price target on Builders FirstSource from $147.00 to $146.00 in a report on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, October 8th. DA Davidson cut their price objective on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Finally, KeyCorp set a $145.00 target price on shares of Builders FirstSource in a research note on Wednesday, October 1st. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $135.07.

Builders FirstSource Trading Up 0.6%

Shares of NYSE BLDR opened at $105.24 on Tuesday. The firm has a market capitalization of $11.64 billion, a PE ratio of 20.06, a PEG ratio of 11.60 and a beta of 1.56. Builders FirstSource has a one year low of $94.35 and a one year high of $175.12. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average price of $113.05 and a two-hundred day moving average price of $122.57.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the prior year, the firm earned $3.07 earnings per share. The firm’s revenue was down 6.9% compared to the same quarter last year. As a group, analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently added to or reduced their stakes in the company. Horizon Investments LLC increased its position in shares of Builders FirstSource by 5.5% during the first quarter. Horizon Investments LLC now owns 2,205 shares of the company’s stock valued at $275,000 after purchasing an additional 114 shares during the period. Aberdeen Group plc boosted its stake in Builders FirstSource by 72.7% during the first quarter. Aberdeen Group plc now owns 79,455 shares of the company’s stock worth $9,808,000 after buying an additional 33,443 shares in the last quarter. Ethic Inc. boosted its stake in Builders FirstSource by 12.1% during the first quarter. Ethic Inc. now owns 4,823 shares of the company’s stock worth $606,000 after buying an additional 521 shares in the last quarter. Northwest & Ethical Investments L.P. increased its holdings in Builders FirstSource by 200.9% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 5,778 shares of the company’s stock valued at $721,000 after buying an additional 3,858 shares during the period. Finally, Brooklyn Investment Group raised its stake in shares of Builders FirstSource by 363.9% in the 1st quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock valued at $90,000 after buying an additional 564 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.