Telos Capital Management Inc. Buys 13,982 Shares of Builders FirstSource, Inc. $BLDR

Telos Capital Management Inc. bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,982 shares of the company’s stock, valued at approximately $797,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BLDR. BlackRock Inc. bought a new stake in shares of Builders FirstSource during the 2nd quarter worth about $700,934,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Builders FirstSource in the 2nd quarter valued at approximately $134,908,000. Bank of America Corp DE bought a new position in shares of Builders FirstSource in the 2nd quarter valued at approximately $83,832,000. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $48,738,000. Finally, Jupiter Topco LLC acquired a new stake in Builders FirstSource in the 2nd quarter worth approximately $73,935,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

BLDR has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, October 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Melius Research assumed coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective for the company. Finally, DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $75.55.

Builders FirstSource Trading Down 5.9%

Shares of Builders FirstSource stock opened at $65.41 on Friday. The company’s fifty day simple moving average is $59.03 and its 200-day simple moving average is $79.51. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 176.79, a PEG ratio of 1.93 and a beta of 1.41. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the company earned $1.88 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 3.68 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.