BMO Capital Markets Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its price target reduced by BMO Capital Markets from $175.00 to $168.00 in a research report released on Monday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other research firms have also recently weighed in on BLDR. Raymond James reissued an “outperform” rating and issued a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Stifel Nicolaus decreased their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research note on Monday. Truist Financial decreased their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Loop Capital decreased their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a research note on Monday. Finally, Benchmark decreased their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five 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, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Price Performance

NYSE BLDR opened at $142.20 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.77 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 company has a market capitalization of $16.16 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12. The firm’s 50 day moving average is $153.19 and its 200-day moving average is $170.35.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.90 billion. Equities research analysts anticipate that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently modified their holdings of the business. FMR LLC boosted its position in shares of Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock valued at $1,557,703,000 after acquiring an additional 740,214 shares during the period. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource in the third quarter valued at about $2,099,877,000. Invesco Ltd. boosted its position in shares of Builders FirstSource by 1.2% in the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock valued at $322,105,000 after acquiring an additional 26,314 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Builders FirstSource by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company’s stock valued at $319,898,000 after acquiring an additional 77,666 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of Builders FirstSource by 47.2% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after acquiring an additional 623,583 shares during the period. Institutional investors own 95.53% of the company’s stock.

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.