Root Financial Partners LLC Buys New Shares in Builders FirstSource, Inc. $BLDR

Root Financial Partners LLC bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,917 shares of the company’s stock, valued at approximately $622,000.

Several other institutional investors also recently bought and sold shares of the business. Trust Co of the South acquired a new stake in shares of Builders FirstSource during the third quarter worth $795,000. Investment House LLC increased its stake in Builders FirstSource by 97.7% in the third quarter. Investment House LLC now owns 147,460 shares of the company’s stock valued at $8,407,000 after purchasing an additional 72,860 shares during the last quarter. Cadinha & Co. LLC acquired a new position in Builders FirstSource in the third quarter valued at $1,357,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in Builders FirstSource in the third quarter valued at $1,054,000. Finally, E. Ohman J or Asset Management AB purchased a new position in Builders FirstSource during the third quarter worth about $4,295,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BLDR. BMO Capital Markets reissued a “market perform” rating and issued a $80.00 price target on shares of Builders FirstSource in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Melius Research began coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective for the company. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Finally, KeyCorp decreased their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Eight investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource has a consensus rating of “Hold” and a consensus target price of $82.25.

Builders FirstSource Trading Down 1.1%

BLDR stock opened at $56.88 on Friday. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 62.51, a PEG ratio of 1.91 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. The business has a fifty day simple moving average of $60.29 and a 200-day simple moving average of $71.80. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share 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 during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the business posted $2.38 EPS. Builders FirstSource’s revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts expect that Builders FirstSource, Inc. will post 3.07 EPS for the current year.

Builders FirstSource Company 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.