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

Shares of Builders FirstSource, Inc. (NYSE:BLDR) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $119.65 and last traded at $121.98, with a volume of 118588 shares trading hands. The stock had previously closed at $124.51.

Analysts Set New Price Targets

Several equities analysts have weighed in on BLDR shares. Wedbush reissued an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Raymond James reiterated an “outperform” rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Barclays reduced their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Stifel Nicolaus lowered their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Price Performance

The stock has a market cap of $13.99 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The company’s fifty day moving average is $145.58 and its 200 day moving average is $164.53.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Builders FirstSource

Hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. acquired a new position in shares of Builders FirstSource during the third quarter worth $278,000. Brooklyn Investment Group purchased a new stake in Builders FirstSource during the 3rd quarter worth $28,000. Townsquare Capital LLC lifted its holdings in Builders FirstSource by 11.9% in the 3rd quarter. Townsquare Capital LLC now owns 3,701 shares of the company’s stock worth $718,000 after buying an additional 394 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in Builders FirstSource in the 3rd quarter worth $603,000. Finally, Hantz Financial Services Inc. purchased a new position in Builders FirstSource in the 3rd quarter valued at about $3,538,000. 95.53% of the stock is owned by institutional investors and hedge funds.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.