Integrated Advisors Network LLC Acquires New Shares in Builders FirstSource, Inc. $BLDR

Integrated Advisors Network LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, Holdings Channel reports. The fund bought 42,813 shares of the company’s stock, valued at approximately $2,441,000.

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

Analyst Ratings Changes

Several research firms have recently commented on BLDR. KeyCorp dropped their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Truist Financial reduced their price target on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Wells Fargo & Company decreased their price target on shares of Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a research note on Monday. Finally, Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $82.25.

Builders FirstSource Trading Down 0.8%

NYSE BLDR opened at $53.51 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The firm has a market capitalization of $5.76 billion, a PE ratio of 58.80, a P/E/G ratio of 1.76 and a beta of 1.45. The stock’s 50 day moving average is $60.92 and its 200 day moving average is $72.06.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. Builders FirstSource’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.38 earnings per share. Research analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

About Builders FirstSource

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.