Builders FirstSource (NYSE:BLDR) Shares Down 5.5% – Time to Sell?

Builders FirstSource, Inc. (NYSE:BLDR) shares fell 5.5% during trading on Tuesday. The company traded as low as $64.07 and last traded at $64.0590. 650,683 shares traded hands during trading, a decline of 75% from the average session volume of 2,551,864 shares. The stock had previously closed at $67.82.

Wall Street Analyst Weigh In

BLDR has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on Builders FirstSource from $55.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, October 30th. Robert W. Baird set a $75.00 price target on Builders FirstSource in a research report on Friday, July 31st. UBS Group lowered their price target on Builders FirstSource from $88.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, October 30th. The Goldman Sachs Group restated a “buy” rating and set a $78.00 price objective on shares of Builders FirstSource in a research note on Friday, October 30th. Finally, Oppenheimer cut their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Seven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Trading Down 5.9%

The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The company has a market capitalization of $7.04 billion, a P/E ratio of 176.79, a price-to-earnings-growth ratio of 1.77 and a beta of 1.41. The firm has a fifty day moving average price of $59.10 and a 200-day moving average price of $79.82.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the company posted $1.88 earnings per share. Builders FirstSource’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 3.68 earnings per share for the current year.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $700,934,000. Pictet Asset Management Holding SA lifted its stake in Builders FirstSource by 16.1% in the third quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company’s stock valued at $251,651,000 after purchasing an additional 613,087 shares during the last quarter. M&G PLC purchased a new position in Builders FirstSource in the third quarter valued at approximately $226,250,000. Dimensional Fund Advisors LP grew its holdings in Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing an additional 325,935 shares during the period. Finally, Beutel Goodman & Co Ltd. bought a new position in Builders FirstSource during the third quarter valued at $108,298,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.