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

Builders FirstSource, Inc. (NYSE:BLDR) shares hit a new 52-week low on Wednesday . The stock traded as low as $61.51 and last traded at $61.6510, with a volume of 98447 shares trading hands. The stock had previously closed at $62.58.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BLDR shares. DA Davidson set a $68.00 price objective on Builders FirstSource in a research note on Friday, July 31st. Wolfe Research upgraded shares of Builders FirstSource to a “hold” rating in a research note on Thursday, May 14th. Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Oppenheimer decreased their price target on shares of Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Finally, Truist Financial dropped their price objective on Builders FirstSource from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource Trading Down 0.4%

The firm has a market cap of $6.71 billion, a P/E ratio of 68.67, a PEG ratio of 2.14 and a beta of 1.41. The company’s 50 day moving average is $72.02 and its two-hundred day moving average is $79.79. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.38 earnings per share. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BLDR. California State Teachers Retirement System lifted its position in Builders FirstSource by 6,687.9% in the second quarter. California State Teachers Retirement System now owns 11,177,842 shares of the company’s stock worth $1,000,193,000 after purchasing an additional 11,013,170 shares during the period. BlackRock Inc. acquired a new stake in Builders FirstSource during the second quarter worth $700,934,000. Northwestern Mutual Wealth Management Co. increased its holdings in Builders FirstSource by 99,084.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after buying an additional 2,239,301 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Builders FirstSource in the 2nd quarter valued at $134,908,000. Finally, Norges Bank acquired a new position in shares of Builders FirstSource in the 4th quarter valued at $109,269,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.