Builders FirstSource (NYSE:BLDR) Trading Down 6.2% – Time to Sell?

Builders FirstSource, Inc. (NYSE:BLDR)’s share price traded down 6.2% during mid-day trading on Wednesday . The stock traded as low as $103.13 and last traded at $102.8310. 821,683 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 2,189,003 shares. The stock had previously closed at $109.68.

Analysts Set New Price Targets

BLDR has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a research note on Wednesday, February 11th. Stifel Nicolaus cut their price objective on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday, January 21st. Robert W. Baird cut their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a research note on Monday. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and a consensus price target of $127.39.

Builders FirstSource Trading Down 6.3%

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 stock’s 50 day moving average is $114.89 and its two-hundred day moving average is $119.77. The company has a market capitalization of $11.36 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 1.76 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The business 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 EPS. The company’s revenue for the quarter was down 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Institutional Trading of Builders FirstSource

A number of institutional investors have recently modified their holdings of BLDR. Cromwell Holdings LLC lifted its position in Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Builders FirstSource by 167.1% during the third 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 in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at $34,000. Transamerica Financial Advisors LLC boosted its position in shares of Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter worth $38,000. 95.53% of the stock is currently owned by 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.