Builders FirstSource (NYSE:BLDR) Stock Price Target Lowered at UBS Group

Builders FirstSource (NYSE:BLDR) had its price objective cut by UBS Group from $88.00 to $75.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

BLDR has been the topic of several other reports. Citizens Jmp started coverage on Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $80.00 target price on shares of Builders FirstSource in a research note on Thursday, August 6th. Truist Financial upped their price target on shares of Builders FirstSource from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings restated a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and an average target price of $75.40.

Builders FirstSource Stock Down 0.2%

BLDR opened at $64.76 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The business’s fifty day simple moving average is $59.28 and its 200 day simple moving average is $80.72. Builders FirstSource has a 52 week low of $49.67 and a 52 week high of $131.50. The stock has a market cap of $6.97 billion, a PE ratio of 175.03, a P/E/G ratio of 2.15 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. Builders FirstSource’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, research analysts expect that Builders FirstSource will post 3.09 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $700,934,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Builders FirstSource during the 2nd quarter valued at $134,908,000. Bank of America Corp DE bought a new stake in shares of Builders FirstSource in the 2nd quarter worth $83,832,000. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Builders FirstSource in the third quarter worth $48,738,000. Finally, Jupiter Topco LLC purchased a new position in shares of Builders FirstSource in the second quarter worth $73,935,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.