Investment House LLC Buys 6,344 Shares of Builders FirstSource, Inc. $BLDR

Investment House LLC lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 15.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,007 shares of the company’s stock after purchasing an additional 6,344 shares during the quarter. Investment House LLC’s holdings in Builders FirstSource were worth $5,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Smithfield Trust Co grew its position in Builders FirstSource by 187.7% during the 2nd quarter. Smithfield Trust Co now owns 420 shares of the company’s stock valued at $49,000 after purchasing an additional 274 shares during the last quarter. AlphaQuest LLC bought a new position in shares of Builders FirstSource in the second quarter worth approximately $67,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Builders FirstSource during the second quarter valued at approximately $67,000. Smartleaf Asset Management LLC raised its holdings in Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock worth $78,000 after acquiring an additional 109 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in Builders FirstSource by 363.9% during the 1st quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock valued at $90,000 after purchasing an additional 564 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $109.49 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03. Builders FirstSource, Inc. has a twelve month low of $94.35 and a twelve month high of $175.24. The business has a 50-day moving average price of $114.27 and a 200-day moving average price of $122.51. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 11.23 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the previous year, the firm earned $3.07 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Ratings Changes

BLDR has been the subject of a number of research analyst reports. Barclays reduced their target price on Builders FirstSource from $124.00 to $123.00 and set an “overweight” rating for the company in a report on Monday. KeyCorp set a $145.00 target price on shares of Builders FirstSource in a report on Wednesday, October 1st. Wells Fargo & Company started coverage on Builders FirstSource in a report on Monday, November 17th. They set an “equal weight” rating and a $115.00 price target for the company. Vertical Research initiated coverage on Builders FirstSource in a research note on Monday, October 20th. They issued a “sell” rating and a $109.41 price objective on the stock. Finally, UBS Group lifted their price objective on Builders FirstSource from $158.00 to $166.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $136.86.

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.