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

Builders FirstSource, Inc. (NYSE:BLDR) hit a new 52-week low during trading on Thursday . The stock traded as low as $123.96 and last traded at $124.51, with a volume of 548374 shares trading hands. The stock had previously closed at $129.46.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. BMO Capital Markets reduced their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Raymond James reissued an “outperform” rating and set a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Wedbush reissued an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Royal Bank of Canada dropped their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Finally, Stifel Nicolaus dropped their price target on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Stock Performance

The company has a market cap of $14.34 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.80 and a beta of 2.19. The firm has a 50 day moving average price of $150.33 and a 200-day moving average price of $167.91. 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 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 during the quarter, compared to the consensus estimate of $3.90 billion. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Institutional Trading of Builders FirstSource

A number of hedge funds have recently modified their holdings of the company. FMR LLC lifted its position in shares of Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company’s stock worth $1,557,703,000 after acquiring an additional 740,214 shares during the period. Mountaineer Partners Management LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $2,099,877,000. Invesco Ltd. raised its holdings in shares of Builders FirstSource by 1.2% in the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock worth $322,105,000 after buying an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Builders FirstSource by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company’s stock worth $319,898,000 after buying an additional 77,666 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after buying an additional 623,583 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

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.