Builders FirstSource (BLDR) Sets New 52-Week Low at $11.60

Builders FirstSource, Inc. (NASDAQ:BLDR)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.60 and last traded at $12.62, with a volume of 144541 shares trading hands. The stock had previously closed at $11.85.

Several equities analysts have issued reports on BLDR shares. DA Davidson started coverage on shares of Builders FirstSource in a research note on Thursday, September 13th. They issued a “buy” rating and a $20.00 price objective for the company. BidaskClub downgraded shares of Builders FirstSource from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 25th. Deutsche Bank decreased their price objective on shares of Builders FirstSource from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, August 20th. ValuEngine downgraded shares of Builders FirstSource from a “sell” rating to a “strong sell” rating in a research note on Friday, September 21st. Finally, Wedbush set a $20.00 price objective on shares of Builders FirstSource and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Builders FirstSource has a consensus rating of “Hold” and an average target price of $21.31.

The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 1.35 and a beta of 2.02. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.12 and a current ratio of 2.04.



Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Tuesday, August 7th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). Builders FirstSource had a return on equity of 44.19% and a net margin of 1.03%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.06 billion. Research analysts expect that Builders FirstSource, Inc. will post 1.79 earnings per share for the current fiscal year.

In related news, Director Robert C. Griffin sold 16,756 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $17.15, for a total value of $287,365.40. Following the completion of the sale, the director now owns 30,104 shares in the company, valued at $516,283.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Cleveland A. Christophe sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $16.07, for a total transaction of $482,100.00. Following the completion of the sale, the director now owns 24,991 shares of the company’s stock, valued at approximately $401,605.37. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Putnam Investments LLC acquired a new stake in Builders FirstSource in the second quarter valued at about $6,936,000. Lonestar Capital Management LLC lifted its position in Builders FirstSource by 5.3% in the second quarter. Lonestar Capital Management LLC now owns 1,000,000 shares of the company’s stock valued at $18,290,000 after purchasing an additional 50,000 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Builders FirstSource by 26.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 818,836 shares of the company’s stock valued at $14,977,000 after purchasing an additional 169,325 shares during the period. Principal Financial Group Inc. lifted its position in Builders FirstSource by 7.4% in the first quarter. Principal Financial Group Inc. now owns 81,790 shares of the company’s stock valued at $1,623,000 after purchasing an additional 5,610 shares during the period. Finally, Royal Bank of Canada lifted its position in Builders FirstSource by 140.2% in the first quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock valued at $218,000 after purchasing an additional 6,401 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Builders FirstSource Company Profile (NASDAQ:BLDR)

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

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