Stifel Nicolaus Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its price objective lowered by equities researchers at Stifel Nicolaus from $124.00 to $115.00 in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 11.26% from the company’s current price.

Several other brokerages have also recently issued reports on BLDR. Loop Capital reduced their price objective on Builders FirstSource from $145.00 to $140.00 in a report on Friday, October 31st. The Goldman Sachs Group dropped their price target on Builders FirstSource from $147.00 to $146.00 in a research report on Friday, October 31st. Wall Street Zen raised Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. DA Davidson lowered their price objective on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, Benchmark raised their target price on shares of Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $135.07.

Builders FirstSource Stock Up 0.2%

Shares of NYSE BLDR opened at $103.37 on Tuesday. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 10.97 and a beta of 1.56. Builders FirstSource has a 52 week low of $94.35 and a 52 week high of $175.12. The firm has a 50-day moving average price of $112.05 and a 200 day moving average price of $122.41. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period last year, the company posted $3.07 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities research analysts anticipate that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds have recently modified their holdings of BLDR. M&G PLC purchased a new stake in shares of Builders FirstSource in the second quarter valued at $9,002,000. Vise Technologies Inc. acquired a new stake in Builders FirstSource in the 2nd quarter worth about $2,482,000. Farther Finance Advisors LLC boosted its stake in Builders FirstSource by 148.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 23,873 shares of the company’s stock worth $2,786,000 after buying an additional 14,276 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in Builders FirstSource by 51.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 44,561 shares of the company’s stock valued at $5,200,000 after buying an additional 15,185 shares during the period. Finally, Coliseum Capital Management LLC increased its stake in shares of Builders FirstSource by 75.0% during the 1st quarter. Coliseum Capital Management LLC now owns 555,041 shares of the company’s stock valued at $69,347,000 after acquiring an additional 237,864 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

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.