Loop Capital Lowers Builders FirstSource (NYSE:BLDR) Price Target to $190.00

Builders FirstSource (NYSE:BLDR) had its price target trimmed by Loop Capital from $205.00 to $190.00 in a report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also issued reports on BLDR. Oppenheimer restated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. The Goldman Sachs Group lowered their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. DA Davidson raised their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Raymond James reaffirmed an “outperform” rating and issued a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Trading Up 1.0 %

Shares of BLDR opened at $142.20 on Monday. The company’s fifty day simple moving average is $153.19 and its 200-day simple moving average is $170.35. The company has a market cap of $16.16 billion, a P/E ratio of 15.70, a P/E/G ratio of 0.80 and a beta of 2.12. 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 twelve month low of $130.75 and a twelve month high of $214.70.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BLDR. Brooklyn Investment Group purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource in the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. purchased a new position in shares of Builders FirstSource in the 4th quarter worth approximately $34,000. Reston Wealth Management LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $39,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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.