Builders FirstSource (NYSE:BLDR) Sets New 12-Month Low – Should You Sell?

Builders FirstSource, Inc. (NYSE:BLDR) shares reached a new 52-week low on Tuesday. The stock traded as low as $51.93 and last traded at $52.13, with a volume of 1,613,616 shares traded. The stock had previously closed at $52.85.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Oppenheimer decreased their target price on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. UBS Group set a $85.00 target price on Builders FirstSource in a report on Thursday, October 1st. Stifel Nicolaus set a $65.00 price target on Builders FirstSource in a research report on Friday, September 18th. Barclays decreased their price target on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, KeyCorp dropped their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $84.50.

Builders FirstSource Price Performance

The stock’s fifty day moving average price is $62.87 and its 200-day moving average price is $73.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 55.45, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company posted $2.38 EPS. The firm’s revenue was down 8.8% compared to the same quarter last year. Equities research analysts predict that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

Institutional Trading of Builders FirstSource

Several large investors have recently added to or reduced their stakes in BLDR. BlackRock Inc. acquired a new stake in Builders FirstSource during the 2nd quarter worth about $700,934,000. The Manufacturers Life Insurance Company purchased a new position in Builders FirstSource during the 2nd quarter valued at about $7,317,000. Lodge Hill Capital LLC increased its holdings in shares of Builders FirstSource by 9.9% in the 1st quarter. Lodge Hill Capital LLC now owns 333,000 shares of the company’s stock valued at $27,416,000 after purchasing an additional 30,000 shares during the period. JB Capital Partners LP acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at about $26,151,872. Finally, GoodHaven Capital Management LLC increased its holdings in shares of Builders FirstSource by 23.4% in the 2nd quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company’s stock valued at $20,469,000 after purchasing an additional 43,330 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.