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

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Benchmark dropped their price objective on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Zacks Research lowered Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Robert W. Baird lowered their price objective on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. William Blair began coverage on Builders FirstSource in a report on Thursday, February 26th. They set an “outperform” rating on the stock. Finally, UBS Group reduced their price target on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and an average price target of $126.65.

Builders FirstSource Trading Down 3.3%

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. The firm has a market capitalization of $9.26 billion, a PE ratio of 21.60, a P/E/G ratio of 2.19 and a beta of 1.56. The stock’s 50-day simple moving average is $111.68 and its 200-day simple moving average is $114.98.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the previous year, the firm posted $2.31 EPS. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy purchased 50,000 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors have recently bought and sold shares of BLDR. Tran Capital Management L.P. raised its holdings in shares of Builders FirstSource by 2,930.4% in the 3rd quarter. Tran Capital Management L.P. now owns 102,154 shares of the company’s stock valued at $12,386,000 after purchasing an additional 98,783 shares in the last quarter. Strs Ohio raised its position in shares of Builders FirstSource by 24.0% in the third quarter. Strs Ohio now owns 118,594 shares of the company’s stock worth $14,380,000 after acquiring an additional 22,926 shares during the period. Seizert Capital Partners LLC raised its position in Builders FirstSource by 0.9% during the second quarter. Seizert Capital Partners LLC now owns 300,990 shares of the company’s stock worth $35,123,000 after acquiring an additional 2,799 shares during the period. Candriam S.C.A. boosted its holdings in Builders FirstSource by 28.9% in the 3rd quarter. Candriam S.C.A. now owns 53,085 shares of the company’s stock worth $6,437,000 after buying an additional 11,891 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at approximately $8,925,000. Institutional investors own 95.53% of the company’s stock.

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.