10,744 Shares of Builders FirstSource, Inc. $BLDR Bought by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,744 shares of the company’s stock, valued at approximately $613,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its position in shares of Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares during the period. Allworth Financial LP acquired a new stake in Builders FirstSource during the second quarter worth about $42,000. Clark Wealth Partners acquired a new stake in Builders FirstSource during the 3rd quarter worth approximately $27,000. Finally, PFS Partners LLC purchased a new position in Builders FirstSource in the third quarter valued at approximately $28,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BLDR. Loop Capital cut shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a research report on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. KeyCorp cut their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Wells Fargo & Company reduced their target price on shares of Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Finally, Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $79.35.

Check Out Our Latest Analysis on Builders FirstSource

Builders FirstSource Stock Performance

Shares of BLDR opened at $56.14 on Tuesday. 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 12-month low of $49.67 and a 12-month high of $131.50. The business’s fifty day moving average price is $60.09 and its 200 day moving average price is $81.84. The stock has a market capitalization of $6.04 billion, a PE ratio of 61.69, a price-to-earnings-growth ratio of 1.89 and a beta of 1.45.

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 the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the company posted $2.38 earnings per share. Equities research analysts forecast that Builders FirstSource, Inc. will post 3.07 EPS for the current year.

Builders FirstSource 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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