QTR Family Wealth LLC Purchases 9,220 Shares of Builders FirstSource, Inc. $BLDR

QTR Family Wealth LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,220 shares of the company’s stock, valued at approximately $526,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clark Wealth Partners purchased a new position in shares of Builders FirstSource during the third quarter worth about $27,000. PFS Partners LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth about $28,000. Sunbelt Securities Inc. lifted its holdings in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Builders FirstSource by 43.6% in 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 during the last quarter. Finally, Sunrise Financial Services LLC acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $32,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 5.9%

NYSE BLDR opened at $65.41 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. The firm has a market cap of $7.04 billion, a PE ratio of 176.79, a P/E/G ratio of 1.93 and a beta of 1.41. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The firm’s fifty day moving average is $59.03 and its two-hundred day moving average is $79.51.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the company earned $1.88 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. Analysts expect that Builders FirstSource, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BLDR shares. William Blair downgraded Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a research report on Friday, July 31st. Benchmark reduced their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Finally, UBS Group lowered their target price on shares of Builders FirstSource from $88.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Hold” and a consensus price target of $75.55.

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.