Shelton Wealth Management LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,020 shares of the company’s stock, valued at approximately $1,711,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howard Capital Management LLC acquired a new stake in Builders FirstSource during the 3rd quarter worth about $1,344,000. Cornerstone Wealth Advisors Inc. acquired a new position in shares of Builders FirstSource in the third quarter valued at about $334,000. Goelzer Investment Management Inc. acquired a new position in shares of Builders FirstSource in the third quarter valued at about $5,851,000. Chemistry Wealth Management LLC purchased a new position in shares of Builders FirstSource in the third quarter worth about $1,006,000. Finally, Annex Advisory Services LLC purchased a new position in shares of Builders FirstSource in the third quarter worth about $500,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.
Builders FirstSource Stock Performance
Shares of NYSE BLDR traded up $1.06 during trading on Friday, reaching $54.74. 2,602,922 shares of the company traded hands, compared to its average volume of 3,699,288. The firm’s fifty day simple moving average is $62.10 and its 200 day simple moving average is $72.68. The stock has a market cap of $5.89 billion, a P/E ratio of 60.15, a PEG ratio of 1.75 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.
Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.38 EPS. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Robert W. Baird set a $75.00 target price on Builders FirstSource in a report on Friday, July 31st. Royal Bank Of Canada dropped their target price on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Barclays cut their price target on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. UBS Group set a $85.00 price target on shares of Builders FirstSource in a research report on Thursday, October 1st. Finally, Benchmark decreased their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $83.54.
Check Out Our Latest Stock Report on BLDR
Builders FirstSource 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.
Featured Articles
- Five stocks we like better than Builders FirstSource
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
- 3 Stocks Delivering Bigger Dividends Despite Market Uncertainty
Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR – Free Report).
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.
