51,556 Shares in Builders FirstSource, Inc. $BLDR Acquired by Foster Group Inc.

Foster Group Inc. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel reports. The firm bought 51,556 shares of the company’s stock, valued at approximately $2,939,000.

Other large investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $1,829,000. Krilogy Financial LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth about $1,551,000. Walker Asset Management LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth about $283,000. Affinity Capital Advisors LLC bought a new position in shares of Builders FirstSource in the third quarter valued at approximately $216,000. Finally, Fluent Financial LLC bought a new stake in Builders FirstSource during the 3rd quarter worth approximately $1,315,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on BLDR shares. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Royal Bank Of Canada dropped their price target on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Weiss Ratings lowered Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Finally, DA Davidson set a $68.00 target price on shares of Builders FirstSource in a research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $84.50.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $51.71 on Wednesday. The stock has a market cap of $5.56 billion, a PE ratio of 56.83, a P/E/G ratio of 1.67 and a beta of 1.45. 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 12-month low of $51.24 and a 12-month high of $131.50. The business’s 50-day moving average price is $63.38 and its two-hundred day moving average price is $73.22.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.38 EPS. As a group, analysts expect that Builders FirstSource, Inc. will post 3.19 earnings per share for the current fiscal year.

About Builders FirstSource

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.