Steele Capital Management Inc. purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,125 shares of the company’s stock, valued at approximately $577,000.
Other hedge funds have also bought and sold shares of the company. Birchwood Financial Partners Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $410,000. Glaxis Capital Management LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $375,000. Ullmann Wealth Partners Group LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $197,000. Principle Wealth Partners LLC purchased a new stake in Builders FirstSource during the third quarter worth $818,000. Finally, Monte Financial Group LLC purchased a new stake in Builders FirstSource during the third quarter worth $5,046,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. William Blair lowered shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Stifel Nicolaus raised their target price on Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a research report on Monday. Finally, Benchmark dropped their target price 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. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and a consensus target price of $75.55.
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Builders FirstSource Trading Down 5.9%
Shares of NYSE:BLDR opened at $65.41 on Friday. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 176.79, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. The business’s 50 day moving average price is $59.03 and its 200-day moving average price is $79.51. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.
Builders FirstSource (NYSE:BLDR – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 earnings per share. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.
Builders FirstSource Company 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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