10,125 Shares in Builders FirstSource, Inc. $BLDR Purchased by Steele Capital Management Inc.

Steele Capital Management Inc. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 10,125 shares of the company’s stock, valued at approximately $577,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Clark Wealth Partners purchased a new position in Builders FirstSource in the 3rd quarter valued at $27,000. PFS Partners LLC acquired a new stake in Builders FirstSource during the 3rd quarter worth $28,000. Sunbelt Securities Inc. grew its holdings in shares of Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after buying an additional 300 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. Finally, Sunrise Financial Services LLC purchased a new stake in shares of Builders FirstSource during the third quarter worth $32,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 5.9%

NYSE BLDR opened at $65.41 on Friday. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The business’s fifty day simple moving average is $59.03 and its 200-day simple moving average is $79.51. The firm has a market cap of $7.04 billion, a PE ratio of 176.79, a P/E/G ratio of 1.93 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data 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 firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Builders FirstSource’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 3.68 earnings per share for the current year.

Analyst Ratings Changes

BLDR has been the subject of a number of recent research reports. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Royal Bank Of Canada cut their price objective on shares of Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating for the company in a report on Friday, October 30th. Wells Fargo & Company raised their target price on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, October 30th. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $78.00 target price on shares of Builders FirstSource in a report on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and a consensus price target of $75.55.

Builders FirstSource Company Profile

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.