13,023 Shares of Builders FirstSource, Inc. $BLDR Acquired by Carson Advisory Inc.

Carson Advisory Inc. acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 13,023 shares of the company’s stock, valued at approximately $742,000.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $700,934,000. M&G PLC purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $226,250,000. Beutel Goodman & Co Ltd. purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $108,298,000. Keybank National Association OH boosted its position in shares of Builders FirstSource by 19,306.5% during the third quarter. Keybank National Association OH now owns 1,791,411 shares of the company’s stock valued at $102,128,000 after purchasing an additional 1,782,180 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of Builders FirstSource by 7,181.9% during the third quarter. Retirement Systems of Alabama now owns 1,645,420 shares of the company’s stock valued at $93,805,000 after purchasing an additional 1,622,824 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $78.00 price target on shares of Builders FirstSource in a research note on Friday, October 30th. Citizens Jmp assumed coverage on shares of Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating on the stock. Barclays reduced their target price on shares of Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. Oppenheimer decreased their price target on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Finally, Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Trading Up 0.7%

Builders FirstSource stock opened at $60.54 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 market capitalization of $6.51 billion, a price-to-earnings ratio of 163.63, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The business’s fifty day simple moving average is $58.69 and its two-hundred day simple moving average is $77.72. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.45. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the company earned $1.88 earnings per share. As a group, equities analysts predict that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Builders FirstSource Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.