Massachusetts Wealth Management Purchases New Stake in Builders FirstSource, Inc. $BLDR

Massachusetts Wealth Management acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, Holdings Channel.com reports. The fund acquired 32,487 shares of the company’s stock, valued at approximately $1,852,000.

A number of other hedge funds have also added to or reduced their stakes in BLDR. Seamount Financial Group Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at $382,000. PFS Partners LLC acquired a new position in shares of Builders FirstSource during the 3rd quarter worth $28,000. Piedmont Capital Management LLC NC acquired a new position in shares of Builders FirstSource during the 3rd quarter worth $218,000. Hartford Financial Management Inc. acquired a new position in shares of Builders FirstSource during the 3rd quarter worth $365,000. Finally, Smith Shellnut Wilson LLC ADV acquired a new position in shares of Builders FirstSource during the 3rd quarter worth $1,716,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BMO Capital Markets restated a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Citizens Jmp started coverage on Builders FirstSource in a research report on Friday, August 21st. They issued a “market perform” rating on the stock. Benchmark lowered their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a research note on Monday. Finally, Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and a consensus price target of $82.25.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $53.51 on Thursday. The company’s 50 day moving average price is $60.92 and its two-hundred day moving average price is $72.06. The firm has a market capitalization of $5.76 billion, a P/E ratio of 58.80, a P/E/G ratio of 1.76 and a beta of 1.45. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results 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 company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the company posted $2.38 earnings per share. On average, equities analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

About Builders FirstSource

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.