Builders FirstSource, Inc. $BLDR Shares Newly Bought by Everest Financial Group LLC

Everest Financial Group LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 9,136 shares of the company’s stock, valued at approximately $521,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Builders FirstSource in the 2nd quarter worth about $700,934,000. M&G PLC purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $226,250,000. Beutel Goodman & Co Ltd. purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $108,298,000. Keybank National Association OH boosted its position in shares of Builders FirstSource by 19,306.5% in the 3rd quarter. Keybank National Association OH now owns 1,791,411 shares of the company’s stock worth $102,128,000 after purchasing an additional 1,782,180 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of Builders FirstSource by 7,181.9% in the 3rd quarter. Retirement Systems of Alabama now owns 1,645,420 shares of the company’s stock worth $93,805,000 after purchasing an additional 1,622,824 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BLDR. BMO Capital Markets reaffirmed a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a report on Monday, October 19th. Melius Research initiated coverage on Builders FirstSource in a research note on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price on the stock. Barclays reduced their price target on Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Finally, Loop Capital downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price objective on the stock. in a research report on Monday, October 26th. Seven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $75.55.

Builders FirstSource Price Performance

NYSE BLDR opened at $60.54 on Friday. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The stock has a 50-day moving average of $58.69 and a 200 day moving average of $77.72. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 163.63, a PEG ratio of 1.60 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the firm posted $1.88 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Builders FirstSource, Inc. will post 3.85 EPS for the current year.

Builders FirstSource 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.