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

Builders FirstSource, Inc. (NYSE:BLDR) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $86.11 and last traded at $84.42, with a volume of 3042 shares traded. The stock had previously closed at $86.62.

Wall Street Analyst Weigh In

BLDR has been the topic of several recent research reports. Royal Bank Of Canada raised shares of Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 target price on the stock in a research note on Thursday, March 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday, January 21st. Robert W. Baird dropped their target price on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Jefferies Financial Group decreased their price objective on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Finally, The Goldman Sachs Group cut their target price on Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and a consensus price target of $126.65.

Builders FirstSource Trading Down 3.3%

The company has a market cap of $9.26 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 2.19 and a beta of 1.56. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02. The business has a fifty day simple moving average of $111.68 and a 200 day simple moving average of $114.98.

Builders FirstSource (NYSE:BLDR) last posted 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). The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.31 earnings per share. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy purchased 50,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the acquisition, the director owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. The trade was a 2.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Builders FirstSource

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its holdings 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 purchasing an additional 132 shares during the last quarter. Cromwell Holdings LLC lifted its position in shares of Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in Builders FirstSource in the third quarter worth about $34,000. CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource during the second quarter valued at approximately $38,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Company Profile

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.