Cypress Wealth Services LLC Makes New $1.09 Million Investment in Builders FirstSource, Inc. $BLDR

Cypress Wealth Services LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, Holdings Channel.com reports. The fund bought 19,097 shares of the company’s stock, valued at approximately $1,089,000.

Several other large investors have also recently bought and sold shares of BLDR. BlackRock Inc. bought a new stake in Builders FirstSource in the 2nd quarter valued at $700,934,000. Dimensional Fund Advisors LP grew its position in Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after purchasing an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Builders FirstSource during the 2nd quarter worth about $134,908,000. Pictet Asset Management Holding SA increased its holdings in shares of Builders FirstSource by 74.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after purchasing an additional 588,987 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of Builders FirstSource during the second quarter valued at about $83,832,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BLDR shares. Benchmark reduced their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Wells Fargo & Company decreased their target price on Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. UBS Group set a $85.00 price target on Builders FirstSource in a research note on Thursday, October 1st. Oppenheimer lowered their price target on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Finally, KeyCorp cut their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $82.25.

Builders FirstSource Stock Down 0.8%

Shares of BLDR stock opened at $53.51 on Thursday. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The stock has a fifty day moving average price of $60.92 and a 200 day moving average price of $72.06. The stock has a market cap of $5.76 billion, a P/E ratio of 58.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) 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 business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm earned $2.38 EPS. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. Analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Builders FirstSource Profile

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.