Truist Financial Cuts Builders FirstSource (NYSE:BLDR) Price Target to $180.00

Builders FirstSource (NYSE:BLDR) had its price objective lowered by investment analysts at Truist Financial from $220.00 to $180.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 33.41% from the company’s current price.

A number of other equities analysts have also recently commented on BLDR. Oppenheimer reissued an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. UBS Group began coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective on the stock. Royal Bank of Canada boosted their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group reduced their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday. Finally, DA Davidson boosted their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Four investment 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $198.35.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded down $9.47 during trading on Friday, reaching $134.93. 1,159,225 shares of the company’s stock were exchanged, compared to its average volume of 1,584,111. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70. The company has a market cap of $15.53 billion, a P/E ratio of 13.21, a PEG ratio of 0.81 and a beta of 2.12. The firm’s 50-day moving average price is $154.79 and its 200 day moving average price is $170.61.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. As a group, research analysts anticipate that Builders FirstSource will post 11.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mackenzie Financial Corp lifted its stake in shares of Builders FirstSource by 35.2% in the 4th quarter. Mackenzie Financial Corp now owns 14,002 shares of the company’s stock valued at $2,001,000 after purchasing an additional 3,647 shares during the period. Toronto Dominion Bank lifted its stake in shares of Builders FirstSource by 13.0% in the 4th quarter. Toronto Dominion Bank now owns 44,898 shares of the company’s stock valued at $6,417,000 after purchasing an additional 5,170 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Builders FirstSource in the 4th quarter valued at about $2,914,000. GTS Securities LLC lifted its stake in shares of Builders FirstSource by 136.5% in the 4th quarter. GTS Securities LLC now owns 2,577 shares of the company’s stock valued at $368,000 after purchasing an additional 9,639 shares during the period. Finally, Vise Technologies Inc. lifted its stake in shares of Builders FirstSource by 112.7% in the 4th quarter. Vise Technologies Inc. now owns 17,349 shares of the company’s stock valued at $2,480,000 after purchasing an additional 9,192 shares during the period. 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.