Builders FirstSource, Inc. $BLDR Shares Newly Acquired by MBL Wealth LLC

MBL Wealth LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,512 shares of the company’s stock, valued at approximately $998,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Builders FirstSource during the 2nd quarter worth approximately $700,934,000. Dimensional Fund Advisors LP grew its position in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after acquiring an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at approximately $134,908,000. Pictet Asset Management Holding SA increased its holdings in shares of Builders FirstSource by 74.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock valued at $113,478,000 after acquiring an additional 588,987 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at approximately $83,832,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $56.88 on Friday. 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 business has a 50 day moving average of $60.29 and a two-hundred day moving average of $71.80. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The company has a market cap of $6.12 billion, a P/E ratio of 62.51, a PEG ratio of 1.91 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.38 earnings per share. As a group, analysts anticipate that Builders FirstSource, Inc. will post 3.07 EPS for the current year.

Analyst Ratings Changes

BLDR has been the topic of several research analyst reports. Benchmark reduced their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Stifel Nicolaus set a $65.00 price objective on shares of Builders FirstSource in a report on Friday, September 18th. Oppenheimer lowered their target price on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. William Blair lowered shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday. Finally, KeyCorp dropped their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Eight analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average price target of $82.25.

About Builders FirstSource

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.