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

Builders FirstSource (NYSE:BLDR) had its price target reduced by The Goldman Sachs Group from $200.00 to $180.00 in a research report released on Friday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on BLDR. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 target price on shares of Builders FirstSource in a report on Wednesday, January 8th. Oppenheimer restated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Stephens lifted their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Wedbush restated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Finally, DA Davidson raised their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and a consensus target price of $196.88.

Builders FirstSource Trading Down 5.0 %

Shares of NYSE:BLDR opened at $137.14 on Friday. The company’s 50-day moving average price is $154.21 and its two-hundred day moving average price is $170.52. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a market capitalization of $15.78 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 0.81 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. On average, equities analysts forecast that Builders FirstSource will post 11.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its stake 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 buying an additional 740,214 shares during the period. Mountaineer Partners Management LLC acquired a new position in Builders FirstSource in the 3rd quarter valued at $2,099,877,000. Invesco Ltd. lifted its position in shares of Builders FirstSource by 1.2% during the 4th 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 lifted its position in shares of Builders FirstSource by 3.6% during the 4th 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. grew its holdings in shares of Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after purchasing an additional 623,583 shares in the last quarter. Institutional investors and hedge funds 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.