Ridgecrest Wealth Partners LLC Makes New $644,000 Investment in Builders FirstSource, Inc. $BLDR

Ridgecrest Wealth Partners LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 11,300 shares of the company’s stock, valued at approximately $644,000.

A number of other institutional investors have also recently added to or reduced their stakes in BLDR. Clark Wealth Partners purchased a new position in Builders FirstSource in the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. increased its position 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 acquiring an additional 300 shares during the last quarter. Root Financial Partners LLC increased its position 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 acquiring an additional 113 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. acquired a new position in shares of Builders FirstSource in the third quarter worth about $34,000. Finally, Versant Capital Management Inc lifted its stake in shares of Builders FirstSource by 67.5% in the third quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock worth $38,000 after acquiring an additional 270 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 3.4%

Shares of BLDR traded down $1.84 during midday trading on Monday, hitting $52.81. The company had a trading volume of 2,461,255 shares, compared to its average volume of 2,539,682. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 58.04, a PEG ratio of 1.79 and a beta of 1.45. The company’s 50 day moving average price is $62.10 and its 200 day moving average price is $72.64. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.38 EPS. On average, equities research analysts predict that Builders FirstSource, Inc. will post 3.13 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on BLDR shares. DA Davidson set a $68.00 price target on Builders FirstSource in a report on Friday, July 31st. Melius Research assumed coverage on Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. UBS Group set a $85.00 target price on Builders FirstSource in a research note on Thursday, October 1st. Finally, BMO Capital Markets reissued a “market perform” rating and set a $80.00 price target on shares of Builders FirstSource in a research report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $83.54.

Builders FirstSource 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.