BMO Capital Markets Cuts Builders FirstSource (NYSE:BLDR) Price Target to $100.00

Builders FirstSource (NYSE:BLDR) had its target price cut by BMO Capital Markets from $120.00 to $100.00 in a report published on Monday morning,MarketScreener reports. They currently have a market perform rating on the stock.

BLDR has been the topic of several other research reports. The Goldman Sachs Group lowered their price target on Builders FirstSource from $142.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft lowered their price target on Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. William Blair began coverage on Builders FirstSource in a research report on Thursday, February 26th. They set an “outperform” rating on the stock. Jefferies Financial Group reduced their target price on Builders FirstSource from $110.00 to $85.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Finally, UBS Group reduced their target price on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $118.87.

Builders FirstSource Stock Up 1.0%

NYSE:BLDR opened at $90.69 on Monday. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 2.71 and a beta of 1.63. Builders FirstSource has a twelve month low of $76.50 and a twelve month high of $151.03. The stock’s 50 day moving average price is $92.63 and its two-hundred day moving average price is $106.57. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.18). The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period last year, the firm earned $2.31 EPS. Equities research analysts expect that Builders FirstSource will post 5.58 earnings per share for the current fiscal year.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy bought 50,000 shares of Builders FirstSource stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the purchase, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. The trade was a 2.98% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BLDR. Patton Fund Management Inc. bought a new stake in Builders FirstSource in the 1st quarter valued at $277,000. Janney Montgomery Scott LLC boosted its stake in Builders FirstSource by 232.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,593 shares of the company’s stock valued at $1,778,000 after purchasing an additional 15,092 shares during the period. Pictet Asset Management Holding SA boosted its stake in Builders FirstSource by 74.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock valued at $113,478,000 after purchasing an additional 588,987 shares during the period. Lewis Asset Management LLC bought a new stake in Builders FirstSource in the 1st quarter valued at $475,000. Finally, Wasatch Advisors LP boosted its stake in Builders FirstSource by 82.4% in the 1st quarter. Wasatch Advisors LP now owns 17,905 shares of the company’s stock valued at $1,474,000 after purchasing an additional 8,087 shares during the period. 95.53% of the stock is currently owned by institutional investors.

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.