Krilogy Financial LLC Buys New Holdings in Builders FirstSource, Inc. $BLDR

Krilogy Financial LLC bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, HoldingsChannel reports. The fund bought 27,214 shares of the company’s stock, valued at approximately $1,551,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Walker Asset Management LLC bought a new stake in Builders FirstSource in the 3rd quarter worth $283,000. Affinity Capital Advisors LLC purchased a new position in shares of Builders FirstSource in the third quarter valued at about $216,000. Fluent Financial LLC bought a new position in shares of Builders FirstSource during the third quarter valued at about $1,315,000. Mechanics Bank Trust Department bought a new position in shares of Builders FirstSource during the third quarter valued at about $402,000. Finally, Spartan Planning & Wealth Management bought a new position in shares of Builders FirstSource during the third quarter valued at about $250,000. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BLDR has been the subject of a number of analyst reports. Truist Financial dropped their target price on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Oppenheimer reduced their price target on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Wells Fargo & Company lowered their price target on Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating for the company in a research report on Friday, September 11th. UBS Group set a $85.00 price objective on Builders FirstSource in a report on Thursday, October 1st. Finally, Robert W. Baird set a $75.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $84.50.

Builders FirstSource Stock Up 6.3%

Shares of Builders FirstSource stock opened at $53.70 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The company has a market cap of $5.78 billion, a P/E ratio of 59.01, a PEG ratio of 1.62 and a beta of 1.45. The company’s fifty day simple moving average is $62.50 and its two-hundred day simple moving average is $72.81.

Builders FirstSource (NYSE:BLDR) last posted 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the business posted $2.38 earnings per share. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. Research analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

About Builders FirstSource

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.