Goelzer Investment Management Inc. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 102,635 shares of the company’s stock, valued at approximately $5,851,000.
A number of other large investors have also added to or reduced their stakes in BLDR. Chemistry Wealth Management LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at approximately $1,006,000. Annex Advisory Services LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth $500,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of Builders FirstSource in the third quarter worth $14,823,000. Granite Islands Private Wealth LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at $249,000. Finally, Riverbend Wealth Management LLC bought a new position in shares of Builders FirstSource during the 3rd quarter valued at $465,000. 95.53% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently commented on BLDR shares. Oppenheimer cut their price target on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday. Citizens Jmp initiated coverage on Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating on the stock. BMO Capital Markets restated a “market perform” rating and set a $80.00 target price on shares of Builders FirstSource in a report on Thursday, August 6th. Truist Financial lowered their price target on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $83.54.
Read Our Latest Stock Report on Builders FirstSource
Builders FirstSource Stock Performance
Shares of BLDR stock opened at $54.74 on Friday. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The business’s 50 day simple moving average is $62.10 and its 200 day simple moving average is $72.68. The stock has a market capitalization of $5.89 billion, a PE ratio of 60.15, a PEG ratio of 1.75 and a beta of 1.45.
Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 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 company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business earned $2.38 EPS. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, research analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.
Builders FirstSource Profile
Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.
Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.
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