Murphy Middleton Hinkle & Parker Inc. Purchases 14,932 Shares of Builders FirstSource, Inc. $BLDR

Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel.com reports. The firm purchased 14,932 shares of the company’s stock, valued at approximately $851,000.

Other large investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its position 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 raised its holdings in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of Builders FirstSource in the second quarter valued at about $42,000. Continuum Advisory LLC purchased a new stake in shares of Builders FirstSource in the second quarter valued at about $48,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth about $49,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BLDR. UBS Group set a $85.00 price target on Builders FirstSource in a report on Thursday, October 1st. DA Davidson set a $68.00 price target on Builders FirstSource in a research report on Friday, July 31st. Royal Bank Of Canada reduced their price objective on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Finally, Weiss Ratings cut Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $84.50.

Builders FirstSource Stock Performance

Shares of BLDR opened at $53.70 on Friday. The stock has a market capitalization of $5.78 billion, a P/E ratio of 59.01, a P/E/G ratio of 1.62 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The company’s fifty day moving average is $62.50 and its two-hundred day moving average is $72.81.

Builders FirstSource (NYSE:BLDR) last released its earnings results 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 firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business posted $2.38 EPS. The firm’s revenue was down 8.8% on a year-over-year basis. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 3.19 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.