Builders FirstSource (NYSE:BLDR) Sets New 52-Week Low - What's Next?

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $123.96 and last traded at $124.51, with a volume of 548374 shares. The stock had previously closed at $129.46.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Loop Capital dropped their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group lowered their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. BMO Capital Markets lowered their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a research report on Monday, February 24th. Finally, Raymond James restated an "outperform" rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $190.72.

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Builders FirstSource Trading Up 1.4 %

The stock's 50 day moving average price is $149.97 and its 200-day moving average price is $167.47. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $14.54 billion, a PE ratio of 14.12, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.18 by $0.13. The firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

A number of hedge funds and other institutional investors have recently modified their holdings of BLDR. Sigma Planning Corp purchased a new position in Builders FirstSource during the third quarter valued at $278,000. Apollon Wealth Management LLC purchased a new position in Builders FirstSource during the 3rd quarter valued at about $258,000. Aptus Capital Advisors LLC purchased a new position in Builders FirstSource during the 3rd quarter valued at about $273,000. Oppenheimer Asset Management Inc. purchased a new position in Builders FirstSource during the 3rd quarter valued at about $521,000. Finally, Huntington National Bank increased its position in Builders FirstSource by 68.5% during the 3rd quarter. Huntington National Bank now owns 1,282 shares of the company's stock valued at $249,000 after purchasing an additional 521 shares during the period. 95.53% of the stock is owned by hedge funds and other 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.