Builders FirstSource, Inc. $BLDR Shares Newly Bought by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, Holdings Channel.com reports. The firm bought 15,144 shares of the company’s stock, valued at approximately $863,000.

Several other institutional investors and hedge funds have also bought and sold shares of BLDR. BlackRock Inc. bought a new position in Builders FirstSource during the 2nd quarter worth approximately $700,934,000. Sands Capital Management LLC lifted its position in Builders FirstSource by 13.5% in the fourth quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock valued at $283,767,000 after purchasing an additional 327,067 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Builders FirstSource during the second quarter valued at approximately $134,908,000. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Builders FirstSource by 74.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock valued at $113,478,000 after purchasing an additional 588,987 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group set a $85.00 target price on shares of Builders FirstSource in a report on Thursday, October 1st. Truist Financial lowered their price target on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Oppenheimer lowered their price target on shares of Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Weiss Ratings cut shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $84.50.

Builders FirstSource Trading Down 1.3%

BLDR traded down $0.69 during midday trading on Tuesday, reaching $51.45. 772,620 shares of the company’s stock traded hands, compared to its average volume of 2,518,680. The firm has a fifty day moving average of $63.86 and a two-hundred day moving average of $73.46. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 56.63, a P/E/G ratio of 1.70 and a beta of 1.45. 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 $51.24 and a 52 week high of $131.50.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data 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). The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.38 EPS. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 3.19 earnings per share for the current fiscal year.

Builders FirstSource Profile

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.