Builders FirstSource, Inc. $BLDR Shares Newly Purchased by Fluent Financial LLC

Fluent Financial LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 23,058 shares of the company’s stock, valued at approximately $1,315,000.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Truist Financial cut their price objective on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Barclays lowered their target price on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Finally, Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.50.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded down $0.43 during trading on Tuesday, reaching $51.71. The company’s stock had a trading volume of 1,986,114 shares, compared to its average volume of 2,525,040. The company has a 50-day moving average price of $63.86 and a two-hundred day moving average price of $73.46. Builders FirstSource, Inc. has a fifty-two week low of $51.24 and a fifty-two week high of $131.50. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The firm has a market cap of $5.56 billion, a PE ratio of 56.83, a P/E/G ratio of 1.70 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the firm posted $2.38 EPS. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, analysts forecast that Builders FirstSource, Inc. will post 3.19 EPS for the current 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.