Builders FirstSource (NYSE:BLDR) Price Target Lowered to $156.00 at Stifel Nicolaus

Builders FirstSource (NYSE:BLDR) had its target price lowered by equities research analysts at Stifel Nicolaus from $175.00 to $156.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 14.27% from the stock’s previous close.

BLDR has been the topic of several other reports. Stephens boosted their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Barclays reduced their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday. Royal Bank of Canada cut their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday. The Goldman Sachs Group dropped their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday. Finally, Oppenheimer reissued an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $194.41.

Builders FirstSource Stock Down 0.6 %

BLDR traded down $0.83 during midday trading on Monday, hitting $136.52. 358,327 shares of the company’s stock traded hands, compared to its average volume of 1,616,696. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market cap of $15.71 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70. The stock’s fifty day simple moving average is $154.21 and its 200-day simple moving average is $170.75.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. As a group, equities analysts anticipate that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group bought a new position in Builders FirstSource during the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Builders FirstSource during the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource during the 4th quarter worth approximately $34,000. Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource in the third quarter valued at approximately $39,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource in the third quarter valued at approximately $46,000. 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.