Builders FirstSource, Inc. $BLDR Shares Newly Acquired by Fortitude Financial LLC

Fortitude Financial LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,000 shares of the company’s stock, valued at approximately $855,000. Builders FirstSource comprises 0.4% of Fortitude Financial LLC’s investment portfolio, making the stock its 23rd largest holding.

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% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Root Financial Partners LLC boosted 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 worth $31,000 after buying an additional 113 shares during the period. Allworth Financial LP acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $42,000. Clark Wealth Partners bought a new stake in Builders FirstSource during the 3rd quarter worth approximately $27,000. Finally, Continuum Advisory LLC bought a new stake in Builders FirstSource during the 2nd quarter worth approximately $48,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Melius Research initiated coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price target for the company. BMO Capital Markets reiterated a “market perform” rating and set a $80.00 price target on shares of Builders FirstSource in a report on Thursday, August 6th. Stifel Nicolaus set a $65.00 price target on shares of Builders FirstSource in a report on Friday, September 18th. Royal Bank Of Canada reduced their price objective 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. Finally, Truist Financial decreased their price objective on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource has an average rating of “Hold” and an average target price of $83.54.

Builders FirstSource Trading Down 3.4%

Builders FirstSource stock traded down $1.84 during trading hours on Monday, reaching $52.81. 2,461,255 shares of the company’s stock were exchanged, compared to its average volume of 2,539,682. 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 firm’s 50 day simple moving average is $62.10 and its 200 day simple moving average is $72.64. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The firm has a market capitalization of $5.68 billion, a PE ratio of 58.04, a PEG ratio of 1.79 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data 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). The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business’s revenue was down 8.8% on a year-over-year basis. During the same period last year, the business posted $2.38 earnings per share. Research analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

About Builders FirstSource

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.