Builders FirstSource, Inc. $BLDR Shares Newly Acquired by R.H. Investment Group LLC

R.H. Investment Group LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 69,690 shares of the company’s stock, valued at approximately $3,973,000. Builders FirstSource comprises about 3.0% of R.H. Investment Group LLC’s holdings, making the stock its 16th biggest position. R.H. Investment Group LLC owned about 0.06% of Builders FirstSource at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Silver Oak Advisory Group Inc. purchased a new stake in Builders FirstSource during the third quarter valued at approximately $347,000. McLean Asset Management Corp acquired a new stake in Builders FirstSource in the third quarter valued at approximately $161,000. MSH Capital Advisors LLC purchased a new position in Builders FirstSource in the third quarter worth $597,000. Cornerstone Advisory LLC purchased a new position in Builders FirstSource in the third quarter worth $503,000. Finally, Ibex Wealth Advisors purchased a new position in Builders FirstSource in the third quarter worth $427,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. DA Davidson set a $68.00 price target on Builders FirstSource in a research report on Friday, July 31st. Oppenheimer lowered their price objective on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Deutsche Bank set a $66.00 target price on Builders FirstSource in a research note on Friday, July 31st. Stifel Nicolaus upped their target price on Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, November 2nd. Finally, William Blair lowered Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 22nd. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $75.55.

Builders FirstSource Stock Performance

BLDR stock traded up $0.42 during trading on Friday, reaching $60.54. The company had a trading volume of 1,473,633 shares, compared to its average volume of 2,758,191. The firm has a 50-day simple moving average of $58.69 and a 200-day simple moving average of $77.72. The company has a market cap 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 company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the business posted $1.88 EPS. Builders FirstSource’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 3.85 earnings per share for the current 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.