Sowell Financial Services LLC Makes New Investment in Builders FirstSource, Inc. $BLDR

Sowell Financial Services LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 98,863 shares of the company’s stock, valued at approximately $5,636,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Builders FirstSource during the second quarter worth approximately $700,934,000. Dimensional Fund Advisors LP grew its position in shares of 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 bought a new position in shares of Builders FirstSource during the second quarter worth approximately $134,908,000. Pictet Asset Management Holding SA increased 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 worth $113,478,000 after purchasing an additional 588,987 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Builders FirstSource during the second quarter worth approximately $83,832,000. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of research reports. UBS Group set a $85.00 price objective on Builders FirstSource in a report on Thursday, October 1st. DA Davidson set a $68.00 target price on Builders FirstSource in a report on Friday, July 31st. Citizens Jmp initiated coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Oppenheimer cut their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday. Finally, Barclays decreased their target price on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $82.25.

Builders FirstSource Stock Performance

NYSE BLDR opened at $53.87 on Wednesday. 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 capitalization of $5.80 billion, a price-to-earnings ratio of 59.20, a P/E/G ratio of 1.73 and a beta of 1.45. The firm’s 50 day simple moving average is $61.29 and its 200 day simple moving average is $72.24. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the company earned $2.38 earnings per share. Builders FirstSource’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, research analysts expect that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

Builders FirstSource Profile

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.