Builders FirstSource (NYSE:BLDR) Hits New 1-Year Low - Here's What Happened

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $130.71 and last traded at $131.54, with a volume of 72577 shares changing hands. The stock had previously closed at $134.92.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BLDR. Royal Bank of Canada dropped their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group lowered their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Truist Financial lowered their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Wedbush reiterated an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $190.72.

Builders FirstSource Stock Performance

The stock's 50 day moving average price is $152.17 and its 200 day moving average price is $169.74. 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 market capitalization of $15.22 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BLDR. Brooklyn Investment Group bought a new position in Builders FirstSource during the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource during the fourth quarter worth $33,000. SBI Securities Co. Ltd. acquired a new position in Builders FirstSource during the fourth quarter worth $34,000. Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource during the third quarter worth $46,000. Finally, Avion Wealth raised its holdings in Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after buying an additional 306 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

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.