Builders FirstSource (NYSE:BLDR) Hits New 12-Month Low – Here’s Why

Builders FirstSource, Inc. (NYSE:BLDR)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $94.17 and last traded at $96.5840, with a volume of 649499 shares. The stock had previously closed at $99.41.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BLDR shares. William Blair began coverage on Builders FirstSource in a research report on Thursday, February 26th. They issued an “outperform” rating for the company. Zacks Research downgraded shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Wells Fargo & Company lifted their target price on shares of Builders FirstSource from $115.00 to $120.00 and gave the stock a “cautious” rating in a research note on Wednesday, February 11th. DA Davidson dropped their price target on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Finally, Robert W. Baird cut their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus target price of $127.39.

Builders FirstSource Trading Down 1.4%

The firm’s 50 day moving average is $114.52 and its 200 day moving average is $118.36. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. The company has a market cap of $10.62 billion, a PE ratio of 24.75, a PEG ratio of 2.35 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.18). The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.31 earnings per share. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital International Investors purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $429,640,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Builders FirstSource by 99,084.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after purchasing an additional 2,239,301 shares during the last quarter. Franklin Resources Inc. raised its stake in Builders FirstSource by 2,498.8% in the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock valued at $224,861,000 after purchasing an additional 1,783,164 shares in the last quarter. Sands Capital Management LLC lifted its position in Builders FirstSource by 139.1% during the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock valued at $294,747,000 after purchasing an additional 1,414,129 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Builders FirstSource by 235.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock worth $229,585,000 after buying an additional 1,328,363 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

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.