18,037 Shares in Builders FirstSource, Inc. $BLDR Purchased by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. bought 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 (SEC). The fund bought 18,037 shares of the company’s stock, valued at approximately $1,028,000.

Other large investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its stake in shares of Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Root Financial Partners LLC lifted its stake 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. Virginia Estate & Retirement Planning Advisors Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at $34,000. Versant Capital Management Inc boosted its holdings in Builders FirstSource by 67.5% in the third quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock worth $38,000 after purchasing an additional 270 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in Builders FirstSource in the second quarter worth $42,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. DA Davidson set a $68.00 price target on Builders FirstSource in a research note on Friday, July 31st. Citizens Jmp initiated coverage on Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating on the stock. Finally, Wells Fargo & Company lowered their price objective on Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating on the stock in a report on Friday, September 11th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $84.50.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $53.70 on Friday. The firm has a fifty day simple moving average of $62.50 and a 200-day simple moving average of $72.81. 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 1-year low of $49.67 and a 1-year high of $131.50. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 59.01, a PEG ratio of 1.62 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the company posted $2.38 earnings per share. Builders FirstSource’s quarterly revenue was down 8.8% on a year-over-year basis. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 3.19 earnings per share 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.