UBS Group Cuts Builders FirstSource (NYSE:BLDR) Price Target to $163.00

Builders FirstSource (NYSE:BLDR) had its price target reduced by UBS Group from $180.00 to $163.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 43.06% from the stock’s current price.

Several other analysts also recently commented on the company. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Raymond James reaffirmed an “outperform” rating and set a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a report on Friday. Benchmark dropped their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Stephens reduced their target price on shares of Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday. Finally, BMO Capital Markets dropped their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research note on Monday, February 24th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $174.53.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $113.94 on Friday. The stock has a market cap of $12.96 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.80 and a beta of 1.99. Builders FirstSource has a twelve month low of $110.84 and a twelve month high of $203.14. The stock has a 50 day moving average of $124.81 and a two-hundred day moving average of $151.11. 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 (NYSE:BLDR) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Builders FirstSource’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.65 EPS. On average, research analysts forecast that Builders FirstSource will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has authorized a stock repurchase program on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors have recently made changes to their positions in BLDR. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Builders FirstSource by 3.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock valued at $278,000 after buying an additional 64 shares during the last quarter. Integrated Investment Consultants LLC raised its holdings in Builders FirstSource by 0.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after acquiring an additional 65 shares during the last quarter. TFB Advisors LLC raised its holdings in Builders FirstSource by 2.1% in the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after acquiring an additional 79 shares during the last quarter. HighPoint Advisor Group LLC boosted its holdings in shares of Builders FirstSource by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock worth $262,000 after purchasing an additional 83 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of Builders FirstSource by 6.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company’s stock worth $214,000 after purchasing an additional 85 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

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.