59,048 Shares in Builders FirstSource, Inc. $BLDR Acquired by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel.com reports. The firm bought 59,048 shares of the company’s stock, valued at approximately $3,366,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Jacobi Capital Management LLC purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth $1,139,000. Valued Wealth Advisors LLC boosted its position in Builders FirstSource by 26,633.3% during the third quarter. Valued Wealth Advisors LLC now owns 802 shares of the company’s stock valued at $46,000 after purchasing an additional 799 shares in the last quarter. International Private Wealth Advisors LLC bought a new stake in Builders FirstSource during the third quarter valued at about $177,000. First Command Advisory Services Inc. bought a new stake in Builders FirstSource during the third quarter valued at about $416,000. Finally, Machina Capital S.A.S. purchased a new position in Builders FirstSource in the third quarter valued at about $1,034,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $62.23 on Thursday. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The business’s fifty day simple moving average is $58.82 and its 200-day simple moving average is $78.30. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The company has a market cap of $6.70 billion, a PE ratio of 168.19, a PEG ratio of 1.67 and a beta of 1.41.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BLDR. Oppenheimer reduced their target price on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Loop Capital lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a research report on Monday, October 26th. Royal Bank Of Canada lowered their price target on shares of Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating on the stock in a report on Friday, October 30th. Melius Research assumed coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price objective on the stock. Finally, Deutsche Bank set a $66.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average price target of $75.55.

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.