Builders FirstSource (NYSE:BLDR) Cut to Equal Weight at Stephens

Stephens lowered shares of Builders FirstSource (NYSE:BLDR) from an overweight rating to an equal weight rating in a research note released on Tuesday, MarketBeat reports. Stephens currently has $137.00 price objective on the stock.

Several other research firms have also recently weighed in on BLDR. Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Benchmark lifted their price target on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. UBS Group dropped their price target on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Barclays increased their price objective on Builders FirstSource from $123.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Vertical Research assumed coverage on Builders FirstSource in a research note on Monday, October 20th. They set a “sell” rating and a $109.41 target price on the stock. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Hold” and a consensus price target of $133.87.

Builders FirstSource Price Performance

NYSE BLDR opened at $125.53 on Tuesday. The stock’s 50-day moving average price is $109.76 and its two-hundred day moving average price is $121.93. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The company has a market cap of $13.88 billion, a PE ratio of 23.91, a PEG ratio of 15.41 and a beta of 1.57. Builders FirstSource has a 1 year low of $94.35 and a 1 year high of $175.12.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.69 by $0.19. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period last year, the company posted $3.07 earnings per share. On average, analysts predict that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Investors Weigh In On Builders FirstSource

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares in the last quarter. Cromwell Holdings LLC increased its stake in shares of Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Builders FirstSource during the 3rd quarter valued at $34,000. CYBER HORNET ETFs LLC bought a new position in shares of Builders FirstSource during the 2nd quarter valued at $38,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at $38,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.