178,733 Shares in Builders FirstSource, Inc. $BLDR Acquired by Calamos Wealth Management LLC

Calamos Wealth Management LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 178,733 shares of the company’s stock, valued at approximately $10,190,000.

A number of other hedge funds have also recently made changes to their positions in BLDR. Wedbush Securities Inc. grew its holdings in shares of Builders FirstSource by 5.3% during the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock valued at $262,000 after purchasing an additional 147 shares during the last quarter. Private Advisor Group LLC raised its position in Builders FirstSource by 5.9% in the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock worth $238,000 after purchasing an additional 162 shares during the period. Altshuler Shaham Ltd lifted its stake in Builders FirstSource by 2.4% in the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock worth $626,000 after purchasing an additional 180 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in Builders FirstSource by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock worth $290,000 after purchasing an additional 180 shares during the last quarter. Finally, American Trust boosted its position in Builders FirstSource by 6.7% during the first quarter. American Trust now owns 3,138 shares of the company’s stock valued at $258,000 after buying an additional 197 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Down 4.7%

Shares of BLDR stock traded down $3.08 during mid-day trading on Friday, reaching $62.42. The stock had a trading volume of 2,438,293 shares, compared to its average volume of 2,799,644. The firm has a market capitalization of $6.72 billion, a PE ratio of 168.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The stock’s 50-day moving average price is $58.94 and its two-hundred day moving average price is $79.21. 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 52-week low of $49.67 and a 52-week high of $131.50.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. Builders FirstSource’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 earnings per share. Equities analysts expect that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays reduced their price objective on Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Benchmark reduced their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $80.00 price target on shares of Builders FirstSource in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a research note on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $75.55.

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.