Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Invst LLC

Invst LLC boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,723 shares of the company’s stock after buying an additional 117 shares during the period. Invst LLC’s holdings in Builders FirstSource were worth $1,109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC boosted its position in shares of Builders FirstSource by 3.7% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock worth $305,000 after acquiring an additional 56 shares during the last quarter. World Equity Group Inc. boosted its holdings in shares of Builders FirstSource by 4.1% in the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after purchasing an additional 64 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Builders FirstSource by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after buying an additional 64 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Builders FirstSource by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after buying an additional 74 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 3.4 %

BLDR stock opened at $170.83 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The firm has a 50 day simple moving average of $183.17 and a 200-day simple moving average of $169.00. The company has a market capitalization of $19.66 billion, a P/E ratio of 16.68, a PEG ratio of 0.98 and a beta of 2.06. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. Builders FirstSource’s revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.24 earnings per share. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BLDR has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on Builders FirstSource in a research note on Thursday, October 10th. They set a “buy” rating and a $225.00 price target for the company. Oppenheimer restated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. UBS Group initiated coverage on Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 price target for the company. Stephens boosted their price objective on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price of $210.00.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.