BMO Capital Markets Cuts Builders FirstSource (NYSE:BLDR) Price Target to $135.00

Builders FirstSource (NYSE:BLDR) had its target price cut by BMO Capital Markets from $146.00 to $135.00 in a research note released on Monday, Marketbeat Ratings reports. They currently have a market perform rating on the stock.

Other equities research analysts also recently issued reports about the company. Benchmark reduced their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They set a “buy” rating and a $151.00 price objective for the company. Stifel Nicolaus downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating and dropped their target price for the stock from $156.00 to $125.00 in a research report on Tuesday, April 29th. Loop Capital reduced their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.58.

Builders FirstSource Stock Performance

Shares of BLDR opened at $106.04 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The firm’s 50 day moving average is $122.90 and its 200-day moving average is $149.62. Builders FirstSource has a 12-month low of $103.81 and a 12-month high of $203.14. The stock has a market capitalization of $12.06 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.80 and a beta of 1.79.

Builders FirstSource (NYSE:BLDR) last issued its 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%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the firm posted $2.65 earnings per share. Equities research analysts anticipate that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a share 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 typically a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors have recently modified their holdings of BLDR. IMA Advisory Services Inc. acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $31,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource in the 4th quarter valued at approximately $33,000. SBI Securities Co. Ltd. bought a new position in Builders FirstSource in the 4th quarter worth approximately $34,000. Sentry Investment Management LLC acquired a new position in shares of Builders FirstSource during the first quarter worth approximately $40,000. Finally, CX Institutional bought a new stake in shares of Builders FirstSource in the first quarter valued at approximately $45,000. Institutional investors own 95.53% of the company’s stock.

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.