Builders FirstSource (NYSE:BLDR) Reaches New 12-Month Low – Should You Sell?

Shares of Builders FirstSource, Inc. (NYSE:BLDR) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $57.93 and last traded at $58.07, with a volume of 1084152 shares trading hands. The stock had previously closed at $59.65.

Analysts Set New Price Targets

Several research firms have weighed in on BLDR. DA Davidson set a $68.00 target price on Builders FirstSource in a report on Friday, July 31st. Benchmark dropped their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Citigroup began coverage on Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating on the stock. Stifel Nicolaus set a $65.00 target price on Builders FirstSource in a research note on Friday. Finally, Royal Bank Of Canada dropped their target price on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $87.27.

Builders FirstSource Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock has a 50 day simple moving average of $68.78 and a two-hundred day simple moving average of $77.33. The stock has a market capitalization of $6.25 billion, a P/E ratio of 63.85, a P/E/G ratio of 1.85 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The firm 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 business’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company posted $2.38 earnings per share. On average, equities analysts forecast that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Builders FirstSource

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Anchor Investment Management LLC lifted its position in shares of Builders FirstSource by 93.3% in the second quarter. Anchor Investment Management LLC now owns 725 shares of the company’s stock valued at $65,000 after buying an additional 350 shares during the last quarter. Cidel Asset Management Inc. lifted its holdings in Builders FirstSource by 23.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 3,519 shares of the company’s stock valued at $315,000 after purchasing an additional 678 shares during the last quarter. Baird Financial Group Inc. boosted its position in Builders FirstSource by 16.9% during the second quarter. Baird Financial Group Inc. now owns 23,947 shares of the company’s stock worth $2,143,000 after purchasing an additional 3,459 shares during the period. GoodHaven Capital Management LLC increased its holdings in shares of Builders FirstSource by 23.4% in the second quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company’s stock valued at $20,469,000 after purchasing an additional 43,330 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of Builders FirstSource in the second quarter valued at $284,000. Institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction customers. The company serves customers primarily across the United States through a network of locations and distribution facilities.

Its product offerings include lumber and engineered wood products, windows, doors, siding, roofing, insulation, cabinets, countertops, stairs and other construction materials.