The Goldman Sachs Group Issues Positive Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its price objective lifted by The Goldman Sachs Group from $146.00 to $150.00 in a report released on Tuesday morning,MarketScreener reports. They currently have a buy rating on the stock.

Several other analysts have also recently commented on BLDR. Vertical Research began coverage on shares of Builders FirstSource in a report on Monday, October 20th. They set a “sell” rating and a $109.41 price target for the company. UBS Group reduced their price objective on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Barclays raised their target price on shares of Builders FirstSource from $123.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets lowered their target price on Builders FirstSource from $130.00 to $123.00 in a report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average price target of $133.87.

Builders FirstSource Trading Up 1.9%

BLDR stock traded up $2.37 during midday trading on Tuesday, hitting $128.75. The stock had a trading volume of 2,008,335 shares, compared to its average volume of 2,234,578. Builders FirstSource has a 12-month low of $94.35 and a 12-month high of $175.12. The company’s 50-day moving average price is $107.46 and its 200 day moving average price is $121.85. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The firm has a market cap of $14.24 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 15.17 and a beta of 1.57.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.19. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period last year, the business posted $3.07 earnings per share. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities research analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares during the period. TD Waterhouse Canada Inc. acquired a new position in Builders FirstSource in the third quarter valued at approximately $34,000. CYBER HORNET ETFs LLC bought a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $38,000. MUFG Securities EMEA plc bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at $38,000. Finally, IMA Advisory Services Inc. lifted its position in shares of Builders FirstSource by 40.9% during the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after acquiring an additional 103 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.