Curated Wealth Partners LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,988 shares of the company’s stock, valued at approximately $1,083,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC raised its holdings in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of Builders FirstSource by 5.3% during the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock valued at $262,000 after buying an additional 147 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Builders FirstSource by 5.9% during the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock valued at $238,000 after buying an additional 162 shares during the last quarter. Altshuler Shaham Ltd grew its holdings in shares of Builders FirstSource by 2.4% during the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock valued at $626,000 after buying an additional 180 shares during the last quarter. Finally, Mufg Securities Americas Inc. increased its position in shares of Builders FirstSource by 5.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock valued at $290,000 after acquiring an additional 180 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on BLDR shares. Melius Research began coverage on Builders FirstSource in a research note on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price for the company. Wells Fargo & Company dropped their price target on Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Friday, September 11th. Weiss Ratings lowered Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Royal Bank Of Canada reduced their price objective on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, Benchmark decreased their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $84.50.
Builders FirstSource Stock Performance
Shares of NYSE:BLDR traded up $2.56 during midday trading on Thursday, reaching $53.08. The company’s stock had a trading volume of 2,515,326 shares, compared to its average volume of 2,527,996. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock has a fifty day moving average of $62.87 and a 200 day moving average of $73.00. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The firm has a market capitalization of $5.71 billion, a PE ratio of 58.37, a P/E/G ratio of 1.66 and a beta of 1.45.
Builders FirstSource (NYSE:BLDR – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.38 earnings per share. On average, equities analysts expect that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.
Builders FirstSource Company Profile
Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.
Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.
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