New England Research & Management Inc. Makes New Investment in Builders FirstSource, Inc. $BLDR

New England Research & Management Inc. bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,102 shares of the company’s stock, valued at approximately $690,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. raised its holdings 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 lifted its position in 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 period. Allworth Financial LP bought a new position in shares of Builders FirstSource in the 2nd quarter valued at about $42,000. Continuum Advisory LLC bought a new position in shares of Builders FirstSource in the 2nd quarter valued at about $48,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $49,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 2.0%

Shares of BLDR stock traded up $1.06 on Friday, reaching $54.74. The company had a trading volume of 2,602,922 shares, compared to its average volume of 3,699,288. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The stock has a market cap of $5.89 billion, a PE ratio of 60.15, a PEG ratio of 1.75 and a beta of 1.45. The company has a 50-day moving average of $62.10 and a 200-day moving average of $72.68. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50.

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 analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the business earned $2.38 earnings per share. The business’s revenue was down 8.8% on a year-over-year basis. On average, equities analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a research note on Friday, July 31st. Citizens Jmp assumed coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. Weiss Ratings lowered shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Oppenheimer dropped their target price on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Benchmark cut their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $83.54.

About Builders FirstSource

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.