SteelPeak Wealth LLC Makes New Investment in Builders FirstSource, Inc. $BLDR

SteelPeak Wealth LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel reports. The institutional investor purchased 149,964 shares of the company’s stock, valued at approximately $8,549,000.

Several other large investors also recently bought and sold shares of BLDR. Elevated Financial Group LLC purchased a new position in shares of Builders FirstSource during the third quarter worth about $183,000. Founders Grove Wealth Partners LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth about $205,000. CRA Financial Services LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth about $143,000. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth about $2,273,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $1,794,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BLDR shares. Stifel Nicolaus set a $65.00 target price on Builders FirstSource in a research report on Friday, September 18th. Benchmark dropped their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a research report on Friday, July 31st. BMO Capital Markets reiterated a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a research note on Thursday, August 6th. Finally, Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $83.54.

Builders FirstSource Trading Up 2.0%

Shares of Builders FirstSource stock opened at $54.74 on Friday. 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 company has a market capitalization of $5.89 billion, a P/E ratio of 60.15, a PEG ratio of 1.79 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’s fifty day moving average is $62.10 and its two-hundred day moving average is $72.68.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $3.91 billion. During the same period in the previous year, the company posted $2.38 earnings per share. Builders FirstSource’s quarterly revenue was down 8.8% on a year-over-year basis. Analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

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.