Root Financial Partners LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 10,917 shares of the company’s stock, valued at approximately $622,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Trust Co of the South acquired a new position in Builders FirstSource during the third quarter valued at approximately $795,000. Investment House LLC increased its position in shares of Builders FirstSource by 97.7% in the third quarter. Investment House LLC now owns 147,460 shares of the company’s stock worth $8,407,000 after acquiring an additional 72,860 shares in the last quarter. Cadinha & Co. LLC acquired a new stake in shares of Builders FirstSource in the third quarter worth $1,357,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in shares of Builders FirstSource in the third quarter worth $1,054,000. Finally, E. Ohman J or Asset Management AB purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at $4,295,000. 95.53% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
BLDR has been the topic of several recent research reports. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. William Blair downgraded Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday. Royal Bank Of Canada cut their price objective 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. Finally, Melius Research assumed 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. Eight research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $82.25.
Read Our Latest Analysis on Builders FirstSource
Builders FirstSource Stock Down 1.1%
Shares of NYSE:BLDR opened at $56.88 on Friday. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 62.51, a price-to-earnings-growth ratio of 1.91 and a beta of 1.45. The company has a 50 day moving average of $60.29 and a two-hundred day moving average of $71.80. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. 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 (NYSE:BLDR – Get Free Report) last posted 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). 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 analyst estimates of $3.91 billion. During the same period in the previous year, the firm posted $2.38 earnings per share. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, analysts forecast that Builders FirstSource, Inc. will post 3.07 earnings per share for the current fiscal year.
Builders FirstSource Profile
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.
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