WP Advisors LLC Acquires New Holdings in Builders FirstSource, Inc. $BLDR

WP Advisors LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,766 shares of the company’s stock, valued at approximately $671,000.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Builders FirstSource in the second quarter worth $700,934,000. Dimensional Fund Advisors LP lifted its position in shares of Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after buying an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource in the second quarter worth about $134,908,000. Pictet Asset Management Holding SA lifted its position in shares of Builders FirstSource by 74.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after buying an additional 588,987 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Builders FirstSource during the 2nd quarter worth about $83,832,000. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. William Blair lowered Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Truist Financial cut their target price on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $80.00 price target on shares of Builders FirstSource in a research report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $82.25.

Builders FirstSource Trading Up 7.4%

BLDR stock opened at $57.49 on Friday. The business has a fifty day moving average price of $60.60 and a 200 day moving average price of $71.91. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 63.18, a P/E/G ratio of 1.76 and a beta of 1.45. 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 announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share 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 analyst estimates of $3.91 billion. During the same quarter last year, the business posted $2.38 earnings per share. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. Analysts expect that Builders FirstSource, Inc. will post 3.10 EPS for the current fiscal year.

About Builders FirstSource

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.