110,409 Shares in Builders FirstSource, Inc. $BLDR Purchased by Uncommon Cents Investing Inc

Uncommon Cents Investing Inc purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 110,409 shares of the company’s stock, valued at approximately $6,294,000. Builders FirstSource makes up about 1.3% of Uncommon Cents Investing Inc’s portfolio, making the stock its 16th biggest position.

Several other large investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in Builders FirstSource by 40,460.9% during the third quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock valued at $41,761,000 after buying an additional 730,723 shares during the period. Integrated Advisors Network LLC purchased a new position in Builders FirstSource during the 3rd quarter valued at about $2,441,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at about $8,336,000. Zullo Investment Group Inc. purchased a new stake in shares of Builders FirstSource in the third quarter worth approximately $339,000. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth approximately $3,618,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. DA Davidson set a $68.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Wells Fargo & Company reduced their price objective on Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and an average target price of $82.25.

Builders FirstSource Stock Up 1.7%

Builders FirstSource stock opened at $53.87 on Wednesday. The company has a market capitalization of $5.80 billion, a P/E ratio of 59.20, a P/E/G ratio of 1.73 and a beta of 1.45. The firm’s fifty day simple moving average is $61.29 and its 200-day simple moving average is $72.24. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50.

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). The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.38 earnings per share. Sell-side analysts forecast that Builders FirstSource, Inc. will post 3.13 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.