Builders FirstSource, Inc. $BLDR Shares Newly Bought by Brucke Financial Inc.

Brucke Financial Inc. bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,479 shares of the company’s stock, valued at approximately $825,000.

Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Builders FirstSource in the second quarter worth about $700,934,000. Dimensional Fund Advisors LP increased its stake in Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after acquiring an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Builders FirstSource in the 2nd quarter worth approximately $134,908,000. Pictet Asset Management Holding SA raised its holdings in shares of Builders FirstSource by 74.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after acquiring an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $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 BLDR shares. Oppenheimer lowered their target price on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. KeyCorp reduced their price target on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Wells Fargo & Company decreased their price target on shares of Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Finally, Melius Research started coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $82.25.

Builders FirstSource Trading Down 1.1%

Shares of NYSE BLDR opened at $56.88 on Friday. The business’s 50 day moving average is $60.29 and its two-hundred day moving average is $71.80. 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, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The stock has a market capitalization of $6.12 billion, a P/E ratio of 62.51, a PEG ratio of 1.89 and a beta of 1.45.

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 analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the company earned $2.38 earnings per share. As a group, research analysts expect that Builders FirstSource, Inc. will post 3.07 EPS for the current 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.