Builders FirstSource (NYSE:BLDR) Reaches New 1-Year Low – Here’s What Happened

Builders FirstSource, Inc. (NYSE:BLDR)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $119.65 and last traded at $121.98, with a volume of 118588 shares changing hands. The stock had previously closed at $124.51.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a research note on Tuesday. They issued a “buy” rating and a $151.00 price target for the company. Loop Capital reduced their price objective on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Truist Financial dropped their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Benchmark reduced their price target on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.63.

Builders FirstSource Trading Up 0.4 %

The firm’s 50-day moving average price is $143.98 and its 200 day moving average price is $163.76. The company has a market cap of $14.25 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 0.80 and a beta of 2.19. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. As a group, equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Institutional Investors Weigh In On Builders FirstSource

A number of hedge funds have recently added to or reduced their stakes in BLDR. FMR LLC lifted its holdings 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 purchasing an additional 740,214 shares in the last quarter. Mountaineer Partners Management LLC bought a new position in shares of Builders FirstSource in the third quarter valued at $2,099,877,000. Invesco Ltd. grew its holdings in shares of Builders FirstSource by 1.2% during the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock valued at $322,105,000 after buying an additional 26,314 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Builders FirstSource by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company’s stock worth $319,898,000 after acquiring 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 acquiring an additional 623,583 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Company Profile

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.