Claro Advisors Inc. Makes New $687,000 Investment in Builders FirstSource, Inc. $BLDR

Claro Advisors Inc. acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,050 shares of the company’s stock, valued at approximately $687,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Builders FirstSource during the second quarter worth approximately $700,934,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Builders FirstSource in the second quarter valued at approximately $134,908,000. Bank of America Corp DE acquired a new position in Builders FirstSource in the second quarter valued at approximately $83,832,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $48,738,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $73,935,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BLDR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Wells Fargo & Company raised their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. Barclays dropped their price target on Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Oppenheimer cut their price target on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Finally, Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $75.55.

Builders FirstSource Stock Performance

Builders FirstSource stock traded down $3.08 during trading on Friday, hitting $62.42. The stock had a trading volume of 2,438,293 shares, compared to its average volume of 2,799,644. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The stock’s 50 day moving average is $58.94 and its two-hundred day moving average is $79.21. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 168.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the company posted $1.88 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. As a group, analysts predict that Builders FirstSource, Inc. will post 3.68 EPS 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.