Builders FirstSource, Inc. $BLDR Stake Raised by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 30,978.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,810 shares of the company’s stock after purchasing an additional 11,772 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Builders FirstSource were worth $673,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Root Financial Partners LLC lifted its holdings in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares during the period. Wedbush Securities Inc. grew its holdings in Builders FirstSource by 5.3% during the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock worth $262,000 after acquiring an additional 147 shares during the period. Private Advisor Group LLC grew its holdings in Builders FirstSource by 5.9% during the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock worth $238,000 after acquiring an additional 162 shares during the period. Altshuler Shaham Ltd grew its holdings in Builders FirstSource by 2.4% during the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock worth $626,000 after acquiring an additional 180 shares during the period. Finally, Mufg Securities Americas Inc. raised its position in shares of Builders FirstSource by 5.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock valued at $290,000 after acquiring an additional 180 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BLDR. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a research note on Monday. Robert W. Baird set a $75.00 price target on Builders FirstSource in a research report on Friday, July 31st. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Oppenheimer decreased their price objective on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $82.25.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $53.87 on Wednesday. The firm’s 50 day simple moving average is $61.29 and its 200 day simple moving average is $72.24. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 59.20, a P/E/G ratio of 1.73 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

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

Builders FirstSource 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.