10,744 Shares of Builders FirstSource, Inc. $BLDR Acquired by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, HoldingsChannel reports. The firm bought 10,744 shares of the company’s stock, valued at approximately $613,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC lifted its position in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares in the last quarter. Wedbush Securities Inc. lifted its position in Builders FirstSource by 5.3% in the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock worth $262,000 after buying an additional 147 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Builders FirstSource by 5.9% during the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock valued at $238,000 after buying an additional 162 shares during the period. Altshuler Shaham Ltd boosted its stake in shares of Builders FirstSource by 2.4% during the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock valued at $626,000 after buying an additional 180 shares during the period. Finally, Mufg Securities Americas Inc. grew its holdings in shares of Builders FirstSource by 5.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock valued at $290,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR opened at $56.14 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The company has a fifty day moving average price of $60.09 and a 200 day moving average price of $81.84. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The stock has a market cap of $6.04 billion, a P/E ratio of 61.69, a PEG ratio of 1.89 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period last year, the business earned $2.38 earnings per share. Analysts anticipate that Builders FirstSource, Inc. will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

BLDR has been the topic of a number of research reports. Loop Capital downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a research note on Monday. Benchmark reduced their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. William Blair downgraded Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $80.00 target price on shares of Builders FirstSource in a research report on Thursday, August 6th. Finally, Barclays cut their price target on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $79.35.

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.