Royal Fund Management LLC Makes New Investment in Builders FirstSource, Inc. $BLDR

Royal Fund Management LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 11,311 shares of the company’s stock, valued at approximately $645,000.

Other institutional investors have also made changes to their positions in the company. Sepio Capital LP acquired a new position in Builders FirstSource during the 3rd quarter worth about $467,000. WP Advisors LLC bought a new stake in Builders FirstSource during the 3rd quarter worth about $671,000. Strategic Planning Group LLC bought a new stake in Builders FirstSource during the 3rd quarter worth about $233,000. Brookstone Capital Management acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $10,559,000. Finally, Five Oceans Advisors acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $184,000. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of research analyst reports. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Citizens Jmp initiated coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They set a “market perform” rating on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a report on Monday. William Blair cut shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $82.25.

Builders FirstSource Trading Down 1.1%

Shares of Builders FirstSource stock traded down $0.66 on Friday, hitting $56.88. 2,122,536 shares of the company’s stock traded hands, compared to its average volume of 2,361,329. The firm’s 50-day moving average price is $60.29 and its two-hundred day moving average price is $71.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The stock has a market capitalization of $6.12 billion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 1.91 and a beta of 1.45. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50.

Builders FirstSource (NYSE:BLDR) last posted its 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm posted $2.38 earnings per share. Builders FirstSource’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, research analysts expect that Builders FirstSource, Inc. will post 3.07 EPS for the current fiscal 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.