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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $64.61 and last traded at $65.0180, with a volume of 156791 shares trading hands. The stock had previously closed at $66.40.

Analyst Ratings Changes

Several research firms have recently commented on BLDR. Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Royal Bank Of Canada decreased their target price on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $76.00 to $70.00 and set a “hold” rating on the stock in a research note on Thursday, July 23rd. Weiss Ratings cut Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Finally, Zacks Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $90.35.

Builders FirstSource Stock Up 0.6%

The stock has a market cap of $6.79 billion, a P/E ratio of 69.38, a price-to-earnings-growth ratio of 2.04 and a beta of 1.41. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The stock’s 50-day moving average is $74.01 and its 200-day moving average is $81.21.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.38 earnings per share. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently added to or reduced their stakes in BLDR. Caitong International Asset Management Co. Ltd increased 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 during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Builders FirstSource in the second quarter valued at $38,000. MUFG Securities EMEA plc bought a new position in Builders FirstSource during the second quarter valued at about $38,000. Sunbelt Securities Inc. boosted its stake in Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. Finally, Transamerica Financial Advisors LLC grew its holdings in Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after acquiring an additional 175 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.