ZWJ Investment Counsel Inc. Buys 28,232 Shares of Builders FirstSource, Inc. $BLDR

ZWJ Investment Counsel Inc. purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,232 shares of the company’s stock, valued at approximately $1,610,000.

Other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its holdings in Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at about $34,000. Versant Capital Management Inc increased its holdings in shares of Builders FirstSource by 67.5% in the 3rd quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock valued at $38,000 after acquiring an additional 270 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth about $42,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent analyst reports. Benchmark decreased their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. DA Davidson set a $68.00 price target on Builders FirstSource in a report on Friday, July 31st. Wells Fargo & Company dropped their price target on shares of 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. UBS Group set a $85.00 price target on shares of Builders FirstSource in a research note on Thursday, October 1st. Finally, Truist Financial cut their price objective on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $84.50.

Check Out Our Latest Analysis on Builders FirstSource

Builders FirstSource Stock Performance

NYSE BLDR opened at $50.46 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The company has a market capitalization of $5.43 billion, a PE ratio of 55.45, a P/E/G ratio of 1.66 and a beta of 1.45. The company has a fifty day moving average of $62.87 and a two-hundred day moving average of $73.00.

Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the business posted $2.38 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, analysts expect that Builders FirstSource, Inc. will post 3.19 earnings per share for the current year.

About Builders FirstSource

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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