Jefferies Financial Group Boosts Builders FirstSource (NYSE:BLDR) Price Target to $112.00

Builders FirstSource (NYSE:BLDR) had its target price boosted by equities research analysts at Jefferies Financial Group from $110.00 to $112.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price points to a potential downside of 4.61% from the company’s current price.

Several other brokerages also recently issued reports on BLDR. DA Davidson cut their target price on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Benchmark increased their price target on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, October 31st. KeyCorp set a $145.00 price objective on shares of Builders FirstSource in a report on Wednesday, October 1st. Stifel Nicolaus cut their target price on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Finally, The Goldman Sachs Group lifted their target price on shares of Builders FirstSource from $146.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Nine equities research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $133.97.

Builders FirstSource Price Performance

NYSE:BLDR opened at $117.42 on Monday. The stock has a market capitalization of $12.98 billion, a PE ratio of 22.37, a P/E/G ratio of 14.48 and a beta of 1.57. Builders FirstSource has a 1-year low of $94.35 and a 1-year high of $173.84. The firm has a fifty day simple moving average of $110.92 and a 200 day simple moving average of $121.57. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BLDR. Cromwell Holdings LLC raised its holdings in Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Builders FirstSource during the 3rd quarter valued at approximately $34,000. CYBER HORNET ETFs LLC bought a new stake in Builders FirstSource during the 2nd quarter valued at approximately $38,000. Finally, MUFG Securities EMEA plc purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $38,000. Institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

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.