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

Builders FirstSource, Inc. (NYSE:BLDR)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $101.80 and last traded at $102.1460, with a volume of 201883 shares. The stock had previously closed at $103.44.

Analyst Ratings Changes

BLDR has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, October 8th. Stifel Nicolaus lowered their price target on Builders FirstSource from $128.00 to $124.00 in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Baird R W downgraded Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company assumed coverage on Builders FirstSource in a research note on Monday. They set an “equal weight” rating and a $115.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Hold” and an average price target of $136.92.

Builders FirstSource Trading Down 0.9%

The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The company has a fifty day moving average of $120.94 and a 200-day moving average of $123.26. The firm has a market capitalization of $10.89 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 12.90 and a beta of 1.60.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

Institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its stake in shares of Builders FirstSource by 16.2% in the 1st quarter. IFP Advisors Inc now owns 2,120 shares of the company’s stock valued at $265,000 after purchasing an additional 296 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Builders FirstSource by 0.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 44,295 shares of the company’s stock valued at $5,535,000 after buying an additional 217 shares in the last quarter. PFG Advisors raised its holdings in Builders FirstSource by 8.7% during the first quarter. PFG Advisors now owns 4,191 shares of the company’s stock valued at $524,000 after buying an additional 336 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Builders FirstSource by 12.7% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,346 shares of the company’s stock worth $6,415,000 after buying an additional 5,789 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of Builders FirstSource by 10.8% during the 1st quarter. Proficio Capital Partners LLC now owns 5,036 shares of the company’s stock worth $629,000 after acquiring an additional 489 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.