Builders FirstSource (NYSE:BLDR) Price Target Lowered to $180.00 at The Goldman Sachs Group

Builders FirstSource (NYSE:BLDR) had its target price dropped by investment analysts at The Goldman Sachs Group from $200.00 to $180.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 31.25% from the company’s previous close.

BLDR has been the topic of a number of other reports. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a report on Wednesday, January 8th. Stephens raised their price objective on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Raymond James restated an “outperform” rating and issued a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a report on Friday. DA Davidson raised their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Benchmark cut their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and a consensus target price of $196.88.

Builders FirstSource Stock Down 5.0 %

Shares of NYSE:BLDR opened at $137.14 on Friday. The stock’s 50-day moving average price is $154.21 and its two-hundred day moving average price is $170.63. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource has a 12-month low of $130.75 and a 12-month high of $214.70. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 0.80 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, research analysts forecast that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently bought and sold shares of BLDR. AMF Tjanstepension AB purchased a new stake in Builders FirstSource during the 3rd quarter worth approximately $1,471,000. Creative Planning increased its holdings in Builders FirstSource by 35.6% during the 3rd quarter. Creative Planning now owns 12,963 shares of the company’s stock worth $2,513,000 after purchasing an additional 3,406 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Builders FirstSource during the 3rd quarter worth approximately $539,000. Signaturefd LLC increased its holdings in Builders FirstSource by 34.4% during the 3rd quarter. Signaturefd LLC now owns 1,580 shares of the company’s stock worth $306,000 after purchasing an additional 404 shares during the last quarter. Finally, Greenleaf Trust increased its holdings in Builders FirstSource by 6.3% during the 3rd quarter. Greenleaf Trust now owns 1,639 shares of the company’s stock worth $318,000 after purchasing an additional 97 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other 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.