Builders FirstSource (BLDR) Hits New 12-Month Low at $12.56

Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $12.56 and last traded at $12.63, with a volume of 59250 shares changing hands. The stock had previously closed at $13.13.

BLDR has been the topic of several recent research reports. Wedbush increased their target price on Builders FirstSource from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, July 17th. Evercore ISI initiated coverage on Builders FirstSource in a research report on Thursday, June 28th. They set an “in-line” rating and a $20.00 target price on the stock. DA Davidson initiated coverage on Builders FirstSource in a research report on Thursday, September 13th. They set a “buy” rating and a $20.00 target price on the stock. Royal Bank of Canada initiated coverage on Builders FirstSource in a research report on Wednesday, June 27th. They set an “outperform” rating on the stock. Finally, Zacks Investment Research cut Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.31.

The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 4.23. The firm has a market cap of $1.68 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 4.04 and a beta of 2.02.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). Builders FirstSource had a net margin of 1.03% and a return on equity of 44.19%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.06 billion. As a group, analysts expect that Builders FirstSource, Inc. will post 1.82 earnings per share for the current year.

In other news, Director Cleveland A. Christophe sold 30,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was 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 in the company, valued at approximately $401,605.37. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert C. Griffin sold 16,756 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $17.15, for a total value of $287,365.40. Following the sale, the director now owns 30,104 shares of the company’s stock, valued at approximately $516,283.60. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of BLDR. Mount Yale Investment Advisors LLC purchased a new position in Builders FirstSource in the 1st quarter worth $104,000. NumerixS Investment Technologies Inc raised its stake in Builders FirstSource by 229.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock worth $101,000 after acquiring an additional 3,902 shares during the last quarter. Hilltop Holdings Inc. purchased a new position in Builders FirstSource in the 1st quarter worth $203,000. Royal Bank of Canada raised its stake in Builders FirstSource by 140.2% in the 1st quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock worth $218,000 after acquiring an additional 6,401 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Builders FirstSource by 109.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 13,123 shares of the company’s stock worth $260,000 after acquiring an additional 6,858 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

About Builders FirstSource (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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