Royal Bank Of Canada Cuts Builders FirstSource (NYSE:BLDR) Price Target to $110.00

Builders FirstSource (NYSE:BLDR) had its price objective trimmed by Royal Bank Of Canada from $119.00 to $110.00 in a research report report published on Monday morning,MarketScreener reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group lowered their target price on Builders FirstSource from $110.00 to $85.00 and set a “hold” rating for the company in a report on Monday, April 13th. Wells Fargo & Company decreased their price target on Builders FirstSource from $120.00 to $87.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. UBS Group decreased their price target 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. Weiss Ratings cut Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Builders FirstSource from $117.00 to $102.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average price target of $118.87.

Builders FirstSource Price Performance

Shares of BLDR opened at $90.69 on Monday. Builders FirstSource has a 12-month low of $76.50 and a 12-month high of $151.03. The business has a 50-day simple moving average of $92.63 and a two-hundred day simple moving average of $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. The stock has a market cap of $10.03 billion, a PE ratio of 23.37, a PEG ratio of 2.71 and a beta of 1.63.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the company earned $2.31 EPS. Builders FirstSource’s revenue for the quarter was down 12.1% on a year-over-year basis. Analysts anticipate 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 the business’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, the director directly owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its position in shares of Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares in the last quarter. Cromwell Holdings LLC boosted its position 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 valued at $25,000 after purchasing an additional 225 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $34,000. CYBER HORNET ETFs LLC bought a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $38,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $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.