Builders FirstSource, Inc. $BLDR Stock Holdings Increased by Investment House LLC

Investment House LLC lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 97.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 147,460 shares of the company’s stock after buying an additional 72,860 shares during the quarter. Investment House LLC’s holdings in Builders FirstSource were worth $8,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. grew its stake in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Root Financial Partners LLC raised its holdings in Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the period. Allworth Financial LP bought a new position in Builders FirstSource in the 2nd quarter valued at about $42,000. Clark Wealth Partners acquired a new stake in Builders FirstSource during the third quarter worth approximately $27,000. Finally, PFS Partners LLC acquired a new stake in Builders FirstSource during the third quarter worth approximately $28,000. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BLDR. UBS Group set a $85.00 price objective on Builders FirstSource in a report on Thursday, October 1st. DA Davidson set a $68.00 target price on Builders FirstSource in a research note on Friday, July 31st. Barclays lowered their target price on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. William Blair cut Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Oppenheimer reduced their price target on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Eight analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $82.25.

Builders FirstSource Stock Up 7.4%

Shares of BLDR opened at $57.49 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The firm’s 50 day moving average is $60.60 and its 200-day moving average is $71.91. The stock has a market capitalization of $6.19 billion, a PE ratio of 63.18, a P/E/G ratio of 1.76 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the company earned $2.38 EPS. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities research analysts forecast that Builders FirstSource, Inc. will post 3.10 EPS for the current year.

Builders FirstSource 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.