18,878 Shares of Builders FirstSource, Inc. $BLDR Bought by Crown Wealth Group LLC

Crown Wealth Group LLC 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 18,878 shares of the company’s stock, valued at approximately $1,076,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Builders FirstSource during the 2nd quarter valued at about $700,934,000. The Manufacturers Life Insurance Company acquired a new stake in Builders FirstSource in the 2nd quarter worth approximately $7,317,000. Lodge Hill Capital LLC lifted its holdings in Builders FirstSource by 9.9% in the 1st quarter. Lodge Hill Capital LLC now owns 333,000 shares of the company’s stock worth $27,416,000 after purchasing an additional 30,000 shares during the last quarter. JB Capital Partners LP acquired a new stake in Builders FirstSource in the 2nd quarter worth approximately $26,151,872. Finally, GoodHaven Capital Management LLC boosted its position in Builders FirstSource by 23.4% during the second quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company’s stock worth $20,469,000 after purchasing an additional 43,330 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $1.84 during midday trading on Monday, hitting $52.81. The company’s stock had a trading volume of 2,461,255 shares, compared to its average volume of 2,539,682. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The stock’s 50 day simple moving average is $62.10 and its 200 day simple moving average is $72.64. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 58.04, a PEG ratio of 1.79 and a beta of 1.45. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the firm posted $2.38 EPS. Builders FirstSource’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BLDR. Citizens Jmp started coverage on Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating on the stock. UBS Group set a $85.00 price target on shares of Builders FirstSource in a research report on Thursday, October 1st. Royal Bank Of Canada reduced their price objective on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Finally, Oppenheimer decreased their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $83.54.

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.