Builders FirstSource, Inc. $BLDR Shares Newly Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,470 shares of the company’s stock, valued at approximately $1,053,000.

A number of other hedge funds have also bought and sold shares of the stock. Sunbelt Securities Inc. lifted its stake in shares of Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the period. Root Financial Partners LLC grew its holdings in shares of Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $42,000. Continuum Advisory LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $48,000. Finally, Global Retirement Partners LLC purchased a new position in Builders FirstSource in the 2nd quarter worth $49,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR traded up $2.66 during mid-day trading on Thursday, hitting $53.18. The company’s stock had a trading volume of 2,641,647 shares, compared to its average volume of 2,528,381. The business’s fifty day moving average is $62.87 and its two-hundred day moving average is $73.00. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 58.41, a PEG ratio of 1.66 and a beta of 1.45. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 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.

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 net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm earned $2.38 EPS. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. Analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Stifel Nicolaus set a $65.00 price target on Builders FirstSource in a research note on Friday, September 18th. Royal Bank Of Canada reduced their price objective on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Benchmark decreased their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Robert W. Baird set a $75.00 target price on Builders FirstSource in a research report on Friday, July 31st. Finally, Truist Financial dropped their target price on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of “Hold” and an average target price of $84.50.

About Builders FirstSource

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.