West Branch Capital LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,562 shares of the company’s stock, valued at approximately $1,115,000.
Several other institutional investors also recently bought and sold shares of BLDR. Clark Wealth Partners bought a new stake in Builders FirstSource in the 3rd quarter valued at $27,000. Sunbelt Securities Inc. boosted its holdings in shares of Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Root Financial Partners LLC boosted its holdings 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 purchasing an additional 113 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. bought a new position in shares of Builders FirstSource during the 3rd quarter valued at about $34,000. Finally, Versant Capital Management Inc grew its position in shares of Builders FirstSource by 67.5% during the third quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock valued at $38,000 after purchasing an additional 270 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
BLDR has been the topic of a number of research analyst reports. Citizens Jmp assumed coverage on Builders FirstSource in a research report on Friday, August 21st. They issued a “market perform” rating on the stock. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Barclays cut their price target on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, July 31st. UBS Group set a $85.00 price objective on Builders FirstSource in a research note on Thursday, October 1st. Finally, Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and a consensus target price of $82.25.
Check Out Our Latest Report on BLDR
Builders FirstSource Stock Performance
Shares of NYSE:BLDR opened at $53.87 on Wednesday. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The stock has a market capitalization of $5.80 billion, a P/E ratio of 59.20, a PEG ratio of 1.73 and a beta of 1.45. The firm has a fifty day simple moving average of $61.29 and a two-hundred day simple moving average of $72.24. 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 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.38 earnings per share. On average, analysts expect that Builders FirstSource, Inc. will post 3.13 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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