Platform Technology Partners bought a new position in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the third quarter, Holdings Channel.com reports. The institutional investor bought 12,551 shares of the company’s stock, valued at approximately $716,000.
A number of other institutional investors have also bought and sold shares of BLDR. Capstone Wealth Management LLC acquired a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $404,000. Inscription Capital LLC purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $415,000. Quest 10 Wealth Builders Inc. purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $47,000. Wealth Dimensions Group Ltd. acquired a new stake in shares of Builders FirstSource in the third quarter valued at approximately $184,000. Finally, Prescott Group Capital Management L.L.C. increased its holdings in shares of Builders FirstSource by 35.2% in the third quarter. Prescott Group Capital Management L.L.C. now owns 23,041 shares of the company’s stock valued at $1,314,000 after purchasing an additional 6,000 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently commented on BLDR. Benchmark reduced their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. The Goldman Sachs Group restated a “buy” rating and issued a $78.00 target price on shares of Builders FirstSource in a report on Friday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of Builders FirstSource in a report on Monday, October 19th. Stifel Nicolaus raised their target price on Builders FirstSource from $55.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Truist Financial lifted their price target on Builders FirstSource from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and a consensus target price of $75.55.
Check Out Our Latest Report on Builders FirstSource
Builders FirstSource Stock Performance
NYSE:BLDR opened at $65.41 on Friday. The company’s 50-day moving average is $59.03 and its two-hundred day moving average is $79.51. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 176.79, a PEG ratio of 1.93 and a beta of 1.41.
Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.88 EPS. Analysts forecast that Builders FirstSource, Inc. will post 3.68 EPS for the current 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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