Builders FirstSource (NYSE:BLDR) Hits New 52-Week Low – Here’s Why

Builders FirstSource, Inc. (NYSE:BLDR)’s stock price reached a new 52-week low on Monday . The stock traded as low as $79.51 and last traded at $80.2070, with a volume of 130363 shares traded. The stock had previously closed at $80.43.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of recent analyst reports. Barclays lowered their target price on shares of Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Jefferies Financial Group decreased their price objective on shares of Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 23rd. Wells Fargo & Company boosted their price objective on shares of Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th. BMO Capital Markets dropped their target price on shares of Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating on the stock in a research note on Friday, February 20th. Finally, DA Davidson reduced their target price on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $126.65.

Builders FirstSource Stock Performance

The business has a 50-day moving average of $104.21 and a two-hundred day moving average of $111.01. 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 $9.10 billion, a P/E ratio of 21.20, a P/E/G ratio of 1.90 and a beta of 1.56.

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

Insider Activity at Builders FirstSource

In other news, Director Paul S. Levy acquired 50,000 shares of Builders FirstSource stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the purchase, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. The trade was a 2.98% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors and hedge funds have recently bought and sold shares of BLDR. Cromwell Holdings LLC lifted its holdings in shares of Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after purchasing an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after buying an additional 132 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in Builders FirstSource during the 3rd quarter valued at about $34,000. Transamerica Financial Advisors LLC increased its position in Builders FirstSource by 90.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after buying an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource in the second quarter valued at about $38,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

About Builders FirstSource

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.