Builders FirstSource, Inc. $BLDR Shares Newly Purchased by Iams Wealth Management LLC

Iams Wealth Management LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,400 shares of the company’s stock, valued at approximately $1,733,000.

Other institutional investors have also recently bought and sold shares of the company. NFSG Corp boosted its position in shares of Builders FirstSource by 711.3% in the 3rd quarter. NFSG Corp now owns 1,217 shares of the company’s stock worth $69,000 after purchasing an additional 1,067 shares during the last quarter. Detalus Advisors LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth $308,000. Guyasuta Investment Advisors Inc. acquired a new stake in shares of Builders FirstSource during the third quarter worth $192,000. Murphy Middleton Hinkle & Parker Inc. bought a new stake in Builders FirstSource in the third quarter valued at about $851,000. Finally, Uptown Financial Advisors LLC bought a new stake in Builders FirstSource in the third quarter valued at about $203,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BLDR shares. Wells Fargo & Company cut their target price on Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Friday, September 11th. DA Davidson set a $68.00 target price on Builders FirstSource in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. Barclays lowered their price target on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Stifel Nicolaus set a $65.00 price target on shares of Builders FirstSource in a research report on Friday, September 18th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and a consensus price target of $84.50.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $53.70 on Friday. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 59.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The firm has a fifty day moving average of $62.50 and a 200-day moving average of $72.81.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. Builders FirstSource’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.38 EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 3.19 earnings per share for the current year.

Builders FirstSource Profile

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.