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 Thursday. The stock traded as low as $56.20 and last traded at $55.6630, with a volume of 69033 shares traded. The stock had previously closed at $57.01.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BLDR shares. Zacks Research lowered Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. KeyCorp lowered their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Benchmark dropped their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Citizens Jmp initiated coverage on Builders FirstSource in a research report on Friday, August 21st. They issued a “market perform” rating for the company. Finally, DA Davidson set a $68.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.27.

Builders FirstSource Stock Performance

The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 60.35, a P/E/G ratio of 1.85 and a beta of 1.41. The firm’s 50-day moving average is $66.34 and its two-hundred day moving average is $75.21. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm posted $2.38 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 3.19 earnings per share for the current year.

Institutional Trading of Builders FirstSource

A number of institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. increased its position in shares of Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC lifted its holdings in Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Clearstead Advisors LLC boosted its stake in Builders FirstSource by 100.0% during the 4th quarter. Clearstead Advisors LLC now owns 466 shares of the company’s stock worth $48,000 after purchasing an additional 233 shares during the last quarter. Allworth Financial LP acquired a new stake in Builders FirstSource during the 2nd quarter worth $42,000. Finally, Continuum Advisory LLC purchased a new stake in shares of Builders FirstSource during the second quarter worth $48,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

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 professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.