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

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) shares hit a new 52-week low during mid-day 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.

Analyst Ratings Changes

A number of analysts have weighed in on BLDR shares. Raymond James restated an "outperform" rating and issued a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Wedbush reiterated an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Benchmark decreased their target price on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Truist Financial dropped their price objective 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, 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. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.72.

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Builders FirstSource Trading Up 2.3 %

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 firm has a market capitalization of $15.64 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The business's fifty day moving average is $151.38 and its 200 day moving average is $169.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly 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 firm 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%. Equities analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors have recently modified their holdings of the business. Mountain Lake Investment Management LLC raised its position in shares of Builders FirstSource by 7.0% in the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock valued at $5,201,000 after buying an additional 2,367 shares in the last quarter. Fiera Capital Corp bought a new stake in shares of Builders FirstSource during the 4th quarter valued at $27,089,000. Fisher Asset Management LLC grew its holdings in shares of Builders FirstSource by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock worth $28,084,000 after purchasing an additional 25,535 shares in the last quarter. Lecap Asset Management Ltd. grew its holdings 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. Finally, Miracle Mile Advisors LLC bought a new position in shares of Builders FirstSource in the fourth quarter worth $405,000. Institutional investors own 95.53% of the company's stock.

About Builders FirstSource

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.