Builders FirstSource (NYSE:BLDR) Stock Falls 5.5% – What’s Next?

Builders FirstSource, Inc. (NYSE:BLDR)’s stock price was down 5.5% during trading on Tuesday. The company traded as low as $64.07 and last traded at $64.0590. 650,683 shares were traded during trading, a decline of 75% from the average daily volume of 2,551,864 shares. The stock had previously closed at $67.82.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BLDR. UBS Group decreased their target price on Builders FirstSource from $88.00 to $75.00 and set a “buy” rating on the stock in a report on Friday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $78.00 target price on shares of Builders FirstSource in a report on Friday. Royal Bank Of Canada decreased their price target on Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating for the company in a research report on Friday. William Blair cut Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 22nd. Finally, KeyCorp dropped their price target on Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Builders FirstSource presently has an average rating of “Hold” and an average price target of $75.55.

Builders FirstSource Price Performance

The stock’s 50-day moving average is $59.24 and its 200 day moving average is $80.43. The stock has a market capitalization of $6.86 billion, a PE ratio of 171.95, a P/E/G ratio of 1.91 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the business earned $1.88 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, equities analysts predict that Builders FirstSource, Inc. will post 3.09 earnings per share for the current year.

Hedge Funds Weigh In On Builders FirstSource

A number of hedge funds have recently modified their holdings of the stock. Asset Dedication LLC lifted its position in Builders FirstSource by 43.6% during the 3rd quarter. Asset Dedication LLC now owns 3,357 shares of the company’s stock worth $191,000 after buying an additional 1,019 shares in the last quarter. United Advisor Group LLC bought a new stake in Builders FirstSource during the 3rd quarter worth about $220,000. Prudent Man Investment Management Inc. bought a new stake in Builders FirstSource during the 3rd quarter worth about $46,000. Plancorp LLC acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $1,607,000. Finally, May Hill Capital LLC acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $264,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.