Builders FirstSource, Inc. $BLDR Shares Newly Acquired by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,575 shares of the company’s stock, valued at approximately $660,000.

A number of other large investors also recently bought and sold shares of BLDR. BlackRock Inc. bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $700,934,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $134,908,000. Bank of America Corp DE purchased a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $83,832,000. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $48,738,000. Finally, Jupiter Topco LLC bought a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $73,935,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

BLDR opened at $53.70 on Friday. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. 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 market capitalization of $5.78 billion, a PE ratio of 59.01, a P/E/G ratio of 1.62 and a beta of 1.45. The firm has a 50 day moving average of $62.50 and a two-hundred day moving average of $72.81.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm’s revenue was down 8.8% on a year-over-year basis. During the same period last year, the company earned $2.38 earnings per share. On average, analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent analyst reports. Citigroup restated a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Robert W. Baird set a $75.00 target price on Builders FirstSource in a research note on Friday, July 31st. DA Davidson set a $68.00 target price on Builders FirstSource in a research note on Friday, July 31st. Weiss Ratings lowered Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Finally, Barclays decreased their price target on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.50.

Builders FirstSource Profile

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.