Ridgecrest Wealth Partners LLC Buys 11,300 Shares of Builders FirstSource, Inc. $BLDR

Ridgecrest Wealth Partners LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,300 shares of the company’s stock, valued at approximately $644,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC grew its position in Builders FirstSource by 43.6% during the first 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 period. Wedbush Securities Inc. grew its holdings in shares of Builders FirstSource by 5.3% during the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock worth $262,000 after purchasing an additional 147 shares during the period. Private Advisor Group LLC grew its holdings in shares of Builders FirstSource by 5.9% during the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock worth $238,000 after purchasing an additional 162 shares during the period. Altshuler Shaham Ltd grew its holdings in shares of Builders FirstSource by 2.4% during the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock worth $626,000 after purchasing an additional 180 shares during the period. Finally, Mufg Securities Americas Inc. increased its position in Builders FirstSource by 5.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock worth $290,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BLDR shares. Benchmark cut their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Stifel Nicolaus set a $65.00 price objective on shares of Builders FirstSource in a research note on Friday, September 18th. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Finally, DA Davidson set a $68.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus target price of $83.54.

View Our Latest Report on BLDR

Builders FirstSource Stock Down 3.4%

Shares of NYSE BLDR traded down $1.84 on Monday, hitting $52.81. The company had a trading volume of 2,461,255 shares, compared to its average volume of 2,539,682. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The firm has a market capitalization of $5.68 billion, a P/E ratio of 58.04, a PEG ratio of 1.79 and a beta of 1.45. The business has a 50 day moving average of $62.10 and a two-hundred day moving average of $72.64.

Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.38 earnings per share. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

Builders FirstSource Company Profile

(Free Report)

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.

Further Reading

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

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