Builders FirstSource, Inc. $BLDR Shares Newly Acquired by Neumann Capital Management LLC

Neumann Capital Management LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,622 shares of the company’s stock, valued at approximately $777,000.

A number of other hedge funds also recently made changes to their positions in BLDR. BlackRock Inc. acquired a new position in shares of Builders FirstSource in the second quarter worth approximately $700,934,000. Dimensional Fund Advisors LP boosted its holdings in Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after acquiring an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Builders FirstSource in the second quarter valued at approximately $134,908,000. Pictet Asset Management Holding SA boosted its stake 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 purchasing 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 $83,832,000. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of research analyst reports. UBS Group set a $85.00 price target on Builders FirstSource in a report on Thursday, October 1st. Oppenheimer decreased their price objective on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Stifel Nicolaus set a $65.00 target price on Builders FirstSource in a research report on Friday, September 18th. Barclays cut their price target on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, DA Davidson set a $68.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and a consensus price target of $84.50.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $53.70 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 firm has a market capitalization of $5.78 billion, a PE ratio of 59.01, a P/E/G ratio of 1.62 and a beta of 1.45. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a 50-day moving average price of $62.50 and a two-hundred day moving average price of $72.81.

Builders FirstSource (NYSE:BLDR) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the business earned $2.38 EPS. Builders FirstSource’s revenue for the quarter was down 8.8% on a year-over-year basis. Equities analysts forecast that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

Builders FirstSource Profile

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.