Barclays Cuts Builders FirstSource (NYSE:BLDR) Price Target to $124.00

Builders FirstSource (NYSE:BLDR) had its price target cut by Barclays from $136.00 to $124.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 9.70% from the company’s previous close.

BLDR has been the subject of several other reports. UBS Group lowered their price objective on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. The Goldman Sachs Group lowered their price target on Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, January 21st. Benchmark reduced their price objective on Builders FirstSource from $142.00 to $138.00 and set a “buy” rating on the stock in a report on Friday. Finally, Stifel Nicolaus lowered their target price on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Builders FirstSource has an average rating of “Hold” and an average target price of $131.57.

Builders FirstSource Stock Performance

NYSE BLDR traded up $1.62 during trading hours on Friday, hitting $113.04. The company had a trading volume of 44,623 shares, compared to its average volume of 2,218,318. The business has a fifty day simple moving average of $114.66 and a 200-day simple moving average of $120.39. The firm has a market cap of $12.50 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 14.26 and a beta of 1.56. The company has a quick ratio of 1.15, a current ratio of 1.86 and a debt-to-equity ratio of 1.02. Builders FirstSource has a fifty-two week low of $94.35 and a fifty-two week high of $151.03.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.31 earnings per share. Equities analysts predict that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors have recently made changes to their positions in the company. Capital International Investors bought a new stake in shares of Builders FirstSource in the third quarter valued at approximately $429,640,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Builders FirstSource by 99,084.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after buying an additional 2,239,301 shares during the period. Franklin Resources Inc. increased its holdings in shares of Builders FirstSource by 2,498.8% during the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock valued at $224,861,000 after acquiring an additional 1,783,164 shares in the last quarter. Sands Capital Management LLC increased its holdings in Builders FirstSource by 139.1% during the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after purchasing an additional 1,414,129 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Builders FirstSource by 235.1% during the third quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock worth $229,585,000 after purchasing an additional 1,328,363 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

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.