Builders FirstSource, Inc. $BLDR Shares Newly Purchased by Plancorp LLC

Plancorp LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 28,184 shares of the company’s stock, valued at approximately $1,607,000.

Several other hedge funds have also bought and sold shares of the business. Harbor Island Capital LLC bought a new stake in shares of Builders FirstSource during the third quarter valued at approximately $12,524,000. Nisa Investment Advisors LLC raised its holdings in Builders FirstSource by 40,460.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock worth $41,761,000 after acquiring an additional 730,723 shares during the last quarter. BlackRock Inc. purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $700,934,000. Louisbourg Investments Inc. purchased a new position in Builders FirstSource in the 3rd quarter worth approximately $1,949,000. Finally, First Citizens Bank & Trust Co. bought a new position in Builders FirstSource in the 3rd quarter valued at approximately $3,218,000. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BLDR. BMO Capital Markets reiterated a “market perform” rating and set a $80.00 target price on shares of Builders FirstSource in a research note on Thursday, August 6th. Truist Financial boosted their price target on Builders FirstSource from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Builders FirstSource in a report on Monday, October 19th. Melius Research started coverage on Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective on the stock. Finally, Citizens Jmp began coverage on Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating on the stock. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $75.55.

Builders FirstSource Stock Down 4.7%

BLDR opened at $62.42 on Friday. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 168.72, a PEG ratio of 1.74 and a beta of 1.41. The firm has a 50 day moving average price of $58.94 and a 200-day moving average price of $79.21. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month 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.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the company posted $1.88 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. Equities research analysts forecast that Builders FirstSource, Inc. will post 3.68 earnings per share for the current year.

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.