Builders FirstSource (NYSE:BLDR) Hits New 52-Week Low After Analyst Downgrade

Shares of Builders FirstSource, Inc. (NYSE:BLDR) hit a new 52-week low during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $165.00 to $151.00. Barclays currently has an overweight rating on the stock. Builders FirstSource traded as low as $112.13 and last traded at $113.66, with a volume of 2500213 shares changing hands. The stock had previously closed at $118.91.

BLDR has been the topic of a number of other research reports. The Goldman Sachs Group dropped their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Wedbush reissued an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Stifel Nicolaus reduced their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Truist Financial dropped their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and an average price target of $187.89.

Institutional Trading of Builders FirstSource

Large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after buying an additional 134 shares in the last quarter. Mountain Lake Investment Management LLC raised its position in Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock worth $5,201,000 after acquiring an additional 2,367 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Builders FirstSource by 14.9% in the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock valued at $28,084,000 after purchasing an additional 25,535 shares in the last quarter. Fiera Capital Corp acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $27,089,000. Finally, Lecap Asset Management Ltd. increased its stake in shares of Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after purchasing an additional 9,970 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The company has a 50-day moving average of $136.34 and a 200-day moving average of $160.09. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 0.80 and a beta of 1.99.

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

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.