Courier Capital LLC Acquires New Stake in Builders FirstSource, Inc. $BLDR

Courier Capital LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 35,450 shares of the company’s stock, valued at approximately $2,021,000.

A number of other hedge funds have also made changes to their positions in BLDR. Sunbelt Securities Inc. raised its holdings in Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC boosted its stake in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Builders FirstSource by 67.5% during the 3rd quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock valued at $38,000 after purchasing an additional 270 shares during the period. Allworth Financial LP acquired a new position in shares of Builders FirstSource during the 2nd quarter valued at $42,000. Finally, Continuum Advisory LLC acquired a new position in shares of Builders FirstSource during the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BLDR shares. Truist Financial cut their price objective on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. UBS Group set a $85.00 price target on shares of Builders FirstSource in a research report on Thursday, October 1st. Melius Research began coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price target for the company. Finally, Royal Bank Of Canada reduced their price objective on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $84.50.

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded down $0.43 on Tuesday, reaching $51.71. 1,986,114 shares of the company traded hands, compared to its average volume of 2,525,040. The stock has a market capitalization of $5.56 billion, a PE ratio of 56.83, a P/E/G ratio of 1.70 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The company’s 50 day moving average is $63.86 and its 200-day moving average is $73.46. Builders FirstSource, Inc. has a fifty-two week low of $51.24 and a fifty-two week high of $131.50.

Builders FirstSource (NYSE:BLDR) last issued its earnings results 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 company had revenue of $3.86 billion during 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 business’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.38 earnings per share. As a group, analysts anticipate that Builders FirstSource, Inc. will post 3.19 earnings per share for the current fiscal 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.