Income Insurance Ltd Buys New Position in Builders FirstSource, Inc. $BLDR

Income Insurance Ltd bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,470 shares of the company’s stock, valued at approximately $540,000.

A number of other hedge funds have also recently modified their holdings of BLDR. Clark Wealth Partners purchased a new stake in shares of Builders FirstSource in the third quarter worth approximately $27,000. Sunbelt Securities Inc. lifted its stake in shares of Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the last quarter. Root Financial Partners LLC lifted its stake 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 during the last quarter. Sunrise Financial Services LLC purchased a new position in Builders FirstSource during the 3rd quarter valued at $32,000. Finally, Virginia Estate & Retirement Planning Advisors Inc. purchased a new position in Builders FirstSource during the 3rd quarter valued at $34,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 0.8%

NYSE BLDR opened at $53.51 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 58.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45. The company’s 50-day simple moving average is $60.92 and its two-hundred day simple moving average is $72.06. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the company posted $2.38 EPS. Builders FirstSource’s revenue for the quarter was down 8.8% on a year-over-year basis. Equities analysts forecast that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on BLDR. Barclays cut their price objective on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Melius Research initiated coverage on Builders FirstSource in a research note on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price on the stock. Citizens Jmp began coverage on Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating for the company. Truist Financial decreased their target price on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Finally, DA Davidson set a $68.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Hold” and a consensus target price of $82.25.

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.