Builders FirstSource (NYSE:BLDR) Hits New 1-Year Low – Here’s Why

Builders FirstSource, Inc. (NYSE:BLDR) reached a new 52-week low during 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.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Loop Capital dropped their price objective on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a report on Tuesday. They set a “buy” rating and a $151.00 price target on the stock. Raymond James reiterated an “outperform” rating and issued a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Royal Bank of Canada cut their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Finally, Wedbush reaffirmed an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $188.63.

Builders FirstSource Stock Performance

The business has a 50 day moving average of $143.98 and a 200-day moving average of $163.76. The company has a market capitalization of $14.25 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last announced its quarterly 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 return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after buying an additional 64 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Builders FirstSource by 3.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock valued at $278,000 after acquiring an additional 64 shares in the last quarter. Integrated Investment Consultants LLC raised its holdings in shares of Builders FirstSource by 0.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after acquiring an additional 65 shares in the last quarter. TFB Advisors LLC boosted its position in shares of Builders FirstSource by 2.1% during the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after acquiring an additional 79 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its position in shares of Builders FirstSource by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock worth $262,000 after purchasing an additional 83 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

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.