SeaCrest Wealth Management LLC Acquires 9,308 Shares of Builders FirstSource, Inc. $BLDR

SeaCrest Wealth Management LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,308 shares of the company’s stock, valued at approximately $531,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Culbertson A N & Co. Inc. bought a new position in shares of Builders FirstSource in the third quarter worth approximately $4,841,000. NBT Bank N.A. purchased a new position in shares of Builders FirstSource in the third quarter worth $1,760,000. Root Financial Partners LLC bought a new position in shares of Builders FirstSource during the third quarter valued at $622,000. Trust Co of the South bought a new position in Builders FirstSource during the 3rd quarter valued at about $795,000. Finally, Investment House LLC grew its stake in shares of Builders FirstSource by 97.7% in the third quarter. Investment House LLC now owns 147,460 shares of the company’s stock worth $8,407,000 after acquiring an additional 72,860 shares during the period. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of research reports. KeyCorp decreased their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada dropped their target price on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. DA Davidson set a $68.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. William Blair downgraded shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Melius Research initiated coverage on Builders FirstSource in a report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $82.25.

Builders FirstSource Price Performance

Shares of BLDR traded down $0.66 during midday trading on Friday, hitting $56.88. 2,122,536 shares of the company traded hands, compared to its average volume of 2,361,329. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The firm has a 50 day moving average of $60.29 and a 200-day moving average of $71.80. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 62.51, a PEG ratio of 1.91 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data 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 return on equity of 11.73% and a net margin of 0.71%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the company earned $2.38 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. On average, analysts forecast that Builders FirstSource, Inc. will post 3.07 EPS for the current fiscal year.

Builders FirstSource Company 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.