Heritage Family Offices LLP Buys 23,455 Shares of Builders FirstSource, Inc. $BLDR

Heritage Family Offices LLP bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,455 shares of the company’s stock, valued at approximately $1,337,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Builders FirstSource during the 2nd quarter worth about $700,934,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Builders FirstSource during the 2nd quarter worth about $134,908,000. Daily Journal Corp bought a new position in shares of Builders FirstSource in the 3rd quarter valued at about $80,555,000. Bank of America Corp DE bought a new position in shares of Builders FirstSource in the 2nd quarter valued at about $83,832,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in shares of Builders FirstSource in the 3rd quarter valued at about $48,738,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BLDR shares. Citizens Jmp began coverage on Builders FirstSource in a research report on Friday, August 21st. They issued a “market perform” rating on the stock. Stifel Nicolaus increased their price target on Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a research report on Monday. The Goldman Sachs Group restated a “buy” rating and issued a $78.00 price target on shares of Builders FirstSource in a research note on Friday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Finally, Benchmark dropped their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Seven analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $75.55.

Builders FirstSource Stock Performance

Builders FirstSource stock traded down $3.08 during midday trading on Friday, reaching $62.42. 2,438,293 shares of the company’s stock were exchanged, compared to its average volume of 2,799,644. The stock’s 50-day simple moving average is $58.94 and its 200 day simple moving average is $79.21. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 168.72, a P/E/G ratio of 2.11 and a beta of 1.41. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50.

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

Builders FirstSource Company 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.