Diligent Investors LLC Purchases 16,623 Shares of Builders FirstSource, Inc. $BLDR

Diligent Investors LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,623 shares of the company’s stock, valued at approximately $948,000.

Several other hedge funds also recently modified their holdings of BLDR. Cardinal Point Capital Management ULC acquired a new position in Builders FirstSource in the 3rd quarter worth about $409,000. Wealth Management Partners LLC acquired a new stake in shares of Builders FirstSource during the third quarter valued at about $159,000. Vest Financial LLC acquired a new stake in shares of Builders FirstSource during the third quarter valued at about $42,002,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of Builders FirstSource during the third quarter valued at about $14,823,000. Finally, Massachusetts Wealth Management bought a new stake in shares of Builders FirstSource during the third quarter worth about $1,852,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $53.51 on Thursday. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 1.76 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The stock has a fifty day simple moving average of $60.92 and a 200 day simple moving average of $72.06.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate 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 quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.38 earnings per share. Sell-side analysts expect that Builders FirstSource, Inc. will post 3.13 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BLDR shares. DA Davidson set a $68.00 price objective on Builders FirstSource in a research note on Friday, July 31st. Oppenheimer dropped their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, October 16th. UBS Group set a $85.00 target price on shares of Builders FirstSource in a research report on Thursday, October 1st. Wells Fargo & Company cut their target price on shares of Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Finally, Melius Research started coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average price target of $82.25.

Builders FirstSource Company 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.