UBS Group Has Lowered Expectations for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its price target lowered by stock analysts at UBS Group from $88.00 to $75.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group‘s price target indicates a potential upside of 15.81% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and set a $78.00 target price on shares of Builders FirstSource in a research report on Friday. Oppenheimer lowered their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Royal Bank Of Canada decreased their price target on Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating for the company in a research note on Friday. Finally, Citigroup restated a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $75.40.

Builders FirstSource Stock Down 0.2%

Shares of BLDR stock opened at $64.76 on Friday. Builders FirstSource has a 12 month low of $49.67 and a 12 month high of $131.50. The company has a 50 day simple moving average of $59.28 and a two-hundred day simple moving average of $80.72. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The stock has a market cap of $6.97 billion, a P/E ratio of 175.03, a P/E/G ratio of 2.15 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the business posted $1.88 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. On average, research analysts expect that Builders FirstSource will post 3.09 earnings per share for the current year.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors have recently modified their holdings of BLDR. Harbor Island Capital LLC bought a new stake in Builders FirstSource in the third quarter worth approximately $12,524,000. Nisa Investment Advisors LLC raised its stake in shares of Builders FirstSource by 40,460.9% in the third quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock valued at $41,761,000 after purchasing an additional 730,723 shares in the last quarter. BlackRock Inc. bought a new position in Builders FirstSource in the second quarter worth $700,934,000. Louisbourg Investments Inc. bought a new stake in Builders FirstSource in the 3rd quarter valued at $1,949,000. Finally, CWA Asset Management Group LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $829,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

About Builders FirstSource

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.