14,343 Shares in Builders FirstSource, Inc. $BLDR Bought by Principle Wealth Partners LLC

Principle Wealth Partners LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent filing with the SEC. The firm acquired 14,343 shares of the company’s stock, valued at approximately $818,000.

Other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its stake in Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the period. Allworth Financial LP purchased a new position in Builders FirstSource during the 2nd quarter valued at $42,000. Clark Wealth Partners purchased a new position in Builders FirstSource during the 3rd quarter valued at $27,000. PFS Partners LLC bought a new position in Builders FirstSource in the 3rd quarter worth $28,000. Finally, Continuum Advisory LLC bought a new position in Builders FirstSource in the 2nd quarter worth $48,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $78.00 target price on shares of Builders FirstSource in a research report on Friday, October 30th. UBS Group reduced their price target on shares of Builders FirstSource from $88.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Melius Research initiated coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price target for the company. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Finally, Benchmark lowered their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Seven analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Stock Down 4.7%

BLDR traded down $3.08 during 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 stock’s 50 day moving average is $58.94 and its two-hundred day moving average 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. The company has a market capitalization 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. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.06 by $0.45. The business had revenue of $3.85 billion for 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 quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 earnings per share. As a group, analysts expect that Builders FirstSource, Inc. will post 3.68 earnings per share 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.