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

Builders FirstSource (NYSE:BLDR) had its price objective trimmed by Stifel Nicolaus from $124.00 to $115.00 in a research report released on Tuesday, MarketBeat reports. The firm currently has a hold rating on the stock.

A number of other analysts have also recently weighed in on BLDR. Jefferies Financial Group cut shares of Builders FirstSource from a “buy” rating to a “hold” rating and decreased their target price for the stock from $138.00 to $110.00 in a research note on Monday. Wells Fargo & Company assumed coverage on Builders FirstSource in a report on Monday, November 17th. They set an “equal weight” rating and a $115.00 price objective on the stock. Benchmark upped their target price on Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group dropped their target price on Builders FirstSource from $147.00 to $146.00 in a research report on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $135.07.

Builders FirstSource Stock Up 1.9%

Shares of NYSE BLDR opened at $105.47 on Tuesday. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 11.00 and a beta of 1.56. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. Builders FirstSource has a 12 month low of $94.35 and a 12 month high of $175.12. The stock has a 50-day moving average price of $111.60 and a two-hundred day moving average price of $122.29.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the company posted $3.07 EPS. 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

Several institutional investors have recently added to or reduced their stakes in BLDR. Horizon Investments LLC lifted its position in shares of Builders FirstSource by 5.5% in the 1st quarter. Horizon Investments LLC now owns 2,205 shares of the company’s stock worth $275,000 after purchasing an additional 114 shares during the period. Aberdeen Group plc increased its position in shares of 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 during the period. Ethic Inc. raised 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 during the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in Builders FirstSource by 200.9% in the first 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 lifted its holdings in Builders FirstSource by 363.9% in the first quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock valued at $90,000 after buying an additional 564 shares during the period. 95.53% of the stock is currently owned by institutional investors.

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.