Builders FirstSource (NYSE:BLDR) Sets New 52-Week Low – Should You Sell?

Builders FirstSource, Inc. (NYSE:BLDR)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $57.93 and last traded at $58.07, with a volume of 1084152 shares changing hands. The stock had previously closed at $59.65.

Analyst Upgrades and Downgrades

BLDR has been the topic of several research reports. Wells Fargo & Company lowered their price target on shares of Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. BMO Capital Markets reiterated a “market perform” rating and issued a $80.00 target price on shares of Builders FirstSource in a report on Thursday, August 6th. Weiss Ratings downgraded Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Finally, Barclays lowered their price objective on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $87.52.

Builders FirstSource Price Performance

The company has a 50 day simple moving average of $69.47 and a 200-day simple moving average of $77.79. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 63.21, a PEG ratio of 1.93 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. Builders FirstSource’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.38 EPS. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Builders FirstSource in the 2nd quarter valued at approximately $700,934,000. Geode Capital Management LLC raised its position in shares of Builders FirstSource by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock worth $288,789,000 after buying an additional 14,420 shares in the last quarter. Sands Capital Management LLC raised its position in shares of Builders FirstSource by 13.5% during the 4th quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock worth $283,767,000 after buying an additional 327,067 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after acquiring an additional 325,935 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Builders FirstSource by 13.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,872,708 shares of the company’s stock worth $192,683,000 after acquiring an additional 221,641 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

About Builders FirstSource

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 customers. The company serves customers primarily across the United States through a network of locations and distribution facilities.

Its product offerings include lumber and engineered wood products, windows, doors, siding, roofing, insulation, cabinets, countertops, stairs and other construction materials.