Simplicity Wealth LLC Buys 74,818 Shares of Builders FirstSource, Inc. $BLDR

Simplicity Wealth LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 74,818 shares of the company’s stock, valued at approximately $4,265,000.

A number of other institutional investors have also recently added to or reduced their stakes in BLDR. Clark Wealth Partners acquired a new stake in Builders FirstSource in the 3rd quarter valued at $27,000. PFS Partners LLC purchased a new position in Builders FirstSource in the third quarter valued at about $28,000. Sunbelt Securities Inc. lifted its stake in shares of 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 lifted its stake in shares of Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares in the last quarter. Finally, Sunrise Financial Services LLC acquired a new position in shares of Builders FirstSource during the third quarter worth about $32,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their target price on Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a report on Friday, July 31st. Truist Financial reduced their price target on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Melius Research assumed coverage on Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price target on the stock. Finally, Citigroup restated a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $82.25.

Builders FirstSource Stock Up 0.1%

BLDR stock opened at $56.88 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The firm has a 50 day simple moving average of $60.29 and a 200-day simple moving average of $71.73. The company has a market capitalization of $6.12 billion, a P/E ratio of 62.51, a PEG ratio of 1.89 and a beta of 1.45. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 0.71% and a return on equity of 11.73%. The company’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.38 earnings per share. On average, equities research analysts predict that Builders FirstSource, Inc. will post 3.07 earnings per share for the current fiscal year.

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.