11,243 Shares of Builders FirstSource, Inc. $BLDR Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,243 shares of the company’s stock, valued at approximately $641,000.

A number of other large investors also recently bought and sold shares of the stock. Searle & CO. acquired a new stake in Builders FirstSource in the 3rd quarter valued at $336,000. Narwhal Capital Management acquired a new position in Builders FirstSource during the third quarter worth $253,000. Csenge Advisory Group acquired a new position in Builders FirstSource during the third quarter worth $753,000. Equity Investment Corp acquired a new position in Builders FirstSource during the third quarter worth $86,361,000. Finally, Gables Capital Management Inc. purchased a new position in Builders FirstSource during the third quarter valued at $125,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 0.7%

Shares of BLDR opened at $60.54 on Friday. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The stock has a market cap of $6.51 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The firm’s fifty day moving average is $58.69 and its two-hundred day moving average is $77.72. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.88 earnings per share. Research analysts forecast that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on BLDR. KeyCorp dropped their target price on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. The Goldman Sachs Group restated a “buy” rating and set a $78.00 price target on shares of Builders FirstSource in a research report on Friday, October 30th. William Blair lowered shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 22nd. Benchmark decreased their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Finally, Truist Financial lifted their price objective on Builders FirstSource from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Hold” and an average price target of $75.55.

Builders FirstSource Company Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.