Builders FirstSource (NYSE:BLDR) Reaches New 12-Month Low – Here’s Why

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

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of research reports. The Goldman Sachs Group lowered their price objective on Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Benchmark reduced their target price on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Wells Fargo & Company boosted their price target on shares of Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th. DA Davidson dropped their price target on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Finally, Stephens cut their price objective on shares of Builders FirstSource from $137.00 to $125.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource has an average rating of “Hold” and a consensus price target of $126.65.

Builders FirstSource Stock Down 4.1%

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 $8.96 billion, a PE ratio of 20.87, a PEG ratio of 2.04 and a beta of 1.56. The company’s 50 day simple moving average is $110.27 and its 200-day simple moving average is $114.37.

Builders FirstSource (NYSE:BLDR) last announced 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). The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.46 billion. Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 earnings per share. On average, analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Builders FirstSource news, Director Paul S. Levy bought 50,000 shares of Builders FirstSource stock in a transaction that occurred on Friday, March 13th. The stock was 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 directly owned 1,727,191 shares in the company, valued at $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Builders FirstSource

A number of large investors have recently modified their holdings of BLDR. Cromwell Holdings LLC grew its holdings 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 in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Builders FirstSource during the third quarter valued at approximately $34,000. Transamerica Financial Advisors LLC lifted its position in Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after purchasing an additional 175 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $38,000. Institutional investors 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.