Retirement Planning Co of New England Inc. Acquires New Stake in Builders FirstSource, Inc. $BLDR

Retirement Planning Co of New England Inc. bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,037 shares of the company’s stock, valued at approximately $1,028,000.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Builders FirstSource in the second quarter worth $700,934,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource during the second quarter valued at $134,908,000. Bank of America Corp DE acquired a new stake in Builders FirstSource during the 2nd quarter worth about $83,832,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in Builders FirstSource during the 3rd quarter worth about $48,738,000. Finally, Jupiter Topco LLC purchased a new position in Builders FirstSource during the 2nd quarter valued at about $73,935,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BLDR. UBS Group set a $85.00 target price on Builders FirstSource in a report on Thursday, October 1st. Royal Bank Of Canada reduced their price target on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Weiss Ratings cut shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.50.

Builders FirstSource Trading Up 6.3%

NYSE BLDR opened at $53.70 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The firm’s fifty day simple moving average is $62.50 and its 200-day simple moving average is $72.81. The company has a market capitalization of $5.78 billion, a PE ratio of 59.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.45.

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 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 firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business posted $2.38 EPS. Builders FirstSource’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, sell-side 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.