United Capital Financial Advisors LLC Takes Position in Builders FirstSource, Inc. $BLDR

United Capital Financial Advisors LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,235 shares of the company’s stock, valued at approximately $737,000.

Several other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after buying an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Builders FirstSource in the second quarter valued at about $38,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 0.0%

NYSE BLDR opened at $67.74 on Monday. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The business’s fifty day simple moving average is $74.96 and its 200-day simple moving average is $82.50. The firm has a market cap of $7.29 billion, a PE ratio of 74.44, a P/E/G ratio of 2.20 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the firm posted $2.38 EPS. The company’s revenue was down 8.8% compared to the same quarter last year. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Jefferies Financial Group dropped their price objective on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Truist Financial cut their price objective on shares of Builders FirstSource from $115.00 to $90.00 and set a “buy” rating for the company in a report on Friday, July 31st. Stifel Nicolaus decreased their target price on shares of Builders FirstSource from $76.00 to $70.00 and set a “hold” rating on the stock in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company lowered their target price on Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $90.35.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.