Builders FirstSource (NYSE:BLDR) Price Target Raised to $96.00 at Robert W. Baird

Builders FirstSource (NYSE:BLDR – Get Rating) had its price target boosted by stock analysts at Robert W. Baird from $80.00 to $96.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 10.73% from the company’s previous close.

Other research analysts also recently issued reports about the company. Zelman & Associates downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st. Stephens dropped their price target on Builders FirstSource from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, November 9th. Stifel Nicolaus dropped their price target on Builders FirstSource from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 19th. Royal Bank of Canada dropped their price target on Builders FirstSource from $79.00 to $74.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 9th. Finally, DA Davidson downgraded Builders FirstSource from a “buy” rating to a “neutral” rating and set a $68.00 price target for the company. in a research note on Wednesday, November 9th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.23.

Builders FirstSource Trading Up 1.1 %

Shares of NYSE:BLDR opened at $86.70 on Wednesday. The stock has a 50 day moving average of $74.57 and a 200 day moving average of $65.56. The company has a market cap of $12.76 billion, a PE ratio of 5.21 and a beta of 1.97. The company has a current ratio of 1.90, a quick ratio of 1.16 and a debt-to-equity ratio of 0.60. Builders FirstSource has a 12-month low of $48.91 and a 12-month high of $87.25.

Builders FirstSource (NYSE:BLDR – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.84. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.25 billion. Builders FirstSource had a return on equity of 59.80% and a net margin of 12.10%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.78 EPS. As a group, equities research analysts expect that Builders FirstSource will post 6.79 EPS for the current year.

Institutional Trading of Builders FirstSource

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Benjamin Edwards Inc. purchased a new stake in Builders FirstSource during the 4th quarter valued at $28,000. Goodwin Investment Advisory purchased a new stake in Builders FirstSource during the 2nd quarter valued at $27,000. AXS Investments LLC purchased a new stake in Builders FirstSource during the 4th quarter valued at $37,000. Banque Cantonale Vaudoise purchased a new stake in Builders FirstSource in the third quarter worth $36,000. Finally, Ronald Blue Trust Inc. purchased a new stake in Builders FirstSource in the second quarter worth $42,000. Hedge funds and other institutional investors own 94.71% of the company’s stock.

Builders FirstSource Company Profile

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Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.