Integrated Advisors Network LLC Buys New Holdings in Builders FirstSource, Inc. $BLDR

Integrated Advisors Network LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 42,813 shares of the company’s stock, valued at approximately $2,441,000.

Several other large investors have also recently made changes to their positions in BLDR. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at $8,336,000. Zullo Investment Group Inc. bought a new position in shares of Builders FirstSource during the 3rd quarter valued at $339,000. Diversify Advisory Services LLC bought a new position in shares of Builders FirstSource during the 3rd quarter valued at $3,618,000. Capital Management Associates Inc bought a new position in shares of Builders FirstSource during the 3rd quarter valued at $220,000. Finally, Rare Wolf Capital LLC purchased a new position in Builders FirstSource in the 3rd quarter worth $152,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on BLDR. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a research note on Monday. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Melius Research began coverage on Builders FirstSource in a research note on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective on the stock. Citigroup reiterated a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Finally, DA Davidson set a $68.00 price objective on Builders FirstSource in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $82.25.

Read Our Latest Stock Report on BLDR

Builders FirstSource Stock Performance

NYSE:BLDR opened at $53.51 on Thursday. The firm has a market cap of $5.76 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The business has a 50 day moving average price of $60.92 and a 200-day moving average price of $72.06.

Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business posted $2.38 EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. Equities research analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

About Builders FirstSource

(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.

See Also

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

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