18,436 Shares of Builders FirstSource, Inc. $BLDR Acquired by Investors Asset Management of Georgia Inc. GA ADV

by · The Markets Daily

Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,436 shares of the company’s stock, valued at approximately $1,051,000.

A number of other large investors also recently made changes to their positions in BLDR. BlackRock Inc. bought a new stake in Builders FirstSource in the 2nd quarter worth about $700,934,000. Dimensional Fund Advisors LP lifted its position in shares of Builders FirstSource by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after buying an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $134,908,000. Pictet Asset Management Holding SA boosted its stake in shares of Builders FirstSource by 74.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after buying an additional 588,987 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $83,832,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Oppenheimer decreased their price target on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday. Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Benchmark cut their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a research note on Friday, July 31st. Finally, Melius Research assumed coverage on Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 target price for the company. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $82.25.

Read Our Latest Stock Analysis on BLDR

Builders FirstSource Stock Performance

Shares of BLDR traded up $1.22 during mid-day trading on Tuesday, hitting $54.17. The stock had a trading volume of 791,955 shares, compared to its average volume of 2,530,787. The firm has a market cap of $5.83 billion, a P/E ratio of 59.48, a PEG ratio of 1.79 and a beta of 1.45. The business has a fifty day moving average price of $61.72 and a 200-day moving average price of $72.43. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50.

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

Builders FirstSource Profile

(Free Report)

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.

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