Builders FirstSource, Inc. $BLDR Stock: Kelleher Financial Advisors Lowers Holdings

Kelleher Financial Advisors reduced its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 29.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,953 shares of the company’s stock after selling 9,790 shares during the quarter. Kelleher Financial Advisors’ holdings in Builders FirstSource were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC grew its position in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the period. Wedbush Securities Inc. increased its stake in shares of 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 purchasing an additional 147 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of 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 purchasing an additional 162 shares during the last quarter. Altshuler Shaham Ltd raised its holdings in shares of Builders FirstSource by 2.4% in the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock valued at $626,000 after purchasing an additional 180 shares during the period. Finally, Mufg Securities Americas Inc. raised its holdings in shares of Builders FirstSource by 5.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock valued at $290,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of BLDR opened at $69.62 on Thursday. The firm has a market capitalization of $7.49 billion, a PE ratio of 15.63, a PEG ratio of 1.77 and a beta of 1.41. The company’s 50-day moving average is $59.10 and its 200-day moving average is $79.82. 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 debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.88 EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research analyst reports. Benchmark reduced their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Truist Financial upped their price objective on Builders FirstSource from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Oppenheimer dropped their price objective on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. William Blair cut Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 22nd. Finally, Barclays reduced their target price on Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.55.

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.