Builders FirstSource (NYSE:BLDR) Reaches New 52-Week Low After Analyst Downgrade

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday after Stifel Nicolaus lowered their price target on the stock from $125.00 to $118.00. Stifel Nicolaus currently has a hold rating on the stock. Builders FirstSource traded as low as $109.05 and last traded at $110.09, with a volume of 110652 shares trading hands. The stock had previously closed at $111.86.

Several other equities analysts have also recently issued reports on the company. Barclays reduced their target price on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. BMO Capital Markets decreased their price objective on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. Loop Capital cut their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, 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. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and an average target price of $167.58.

Institutional Trading of Builders FirstSource

A number of large investors have recently modified their holdings of BLDR. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource in the 4th quarter valued at $33,000. SBI Securities Co. Ltd. bought a new stake in Builders FirstSource during the fourth quarter valued at about $34,000. IMA Advisory Services Inc. purchased a new position in Builders FirstSource in the first quarter valued at about $31,000. Sentry Investment Management LLC bought a new position in Builders FirstSource in the first quarter worth about $40,000. Finally, Avion Wealth raised its holdings in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after purchasing an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Down 0.3 %

The business's fifty day moving average price is $122.03 and its two-hundred day moving average price is $148.41. 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 firm has a market capitalization of $12.23 billion, a P/E ratio of 12.22, a PEG ratio of 0.80 and a beta of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm's revenue was down 6.0% compared to the same quarter last year. During the same period last year, the business posted $2.65 earnings per share. Equities analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has authorized a share buyback plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 3.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

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.