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

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $119.65 and last traded at $121.98, with a volume of 118588 shares trading hands. The stock had previously closed at $124.51.

Analysts Set New Price Targets

A number of brokerages have commented on BLDR. Wedbush reiterated an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Barclays decreased their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Stifel Nicolaus cut their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a report on Monday, February 24th. BMO Capital Markets decreased their price objective on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a report on Monday, February 24th. Finally, Benchmark dropped their target price on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $188.63.

Builders FirstSource Trading Up 3.2 %

The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm has a market cap of $14.05 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a 50-day simple moving average of $142.32 and a 200 day simple moving average of $163.23.

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Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results 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. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in Builders FirstSource in the fourth quarter valued at approximately $199,890,000. Voya Investment Management LLC lifted its position in shares of Builders FirstSource by 174.2% during the 4th quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock valued at $202,374,000 after buying an additional 899,841 shares in the last quarter. FMR LLC grew its stake in Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after acquiring an additional 740,214 shares during the period. Proficio Capital Partners LLC increased its holdings in Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock worth $92,891,000 after acquiring an additional 645,746 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after acquiring an additional 623,583 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.