23,882 Shares of Builders FirstSource, Inc. $BLDR Bought by Phoenix Wealth Advisors

Phoenix Wealth Advisors bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel reports. The institutional investor bought 23,882 shares of the company’s stock, valued at approximately $1,362,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alps Advisors Inc. bought a new position in Builders FirstSource in the 3rd quarter valued at about $2,815,000. CenterBook Partners LP bought a new stake in shares of Builders FirstSource during the third quarter worth approximately $1,887,000. Canvas Wealth Advisors LLC bought a new stake in shares of Builders FirstSource during the third quarter worth approximately $146,000. Asset One Wealth Management LLC bought a new stake in shares of Builders FirstSource during the third quarter worth approximately $266,000. Finally, Heritage Family Offices LLP acquired a new position in shares of Builders FirstSource in the third quarter valued at approximately $1,337,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of BLDR stock traded down $3.08 during trading on Friday, hitting $62.42. The company had a trading volume of 2,438,293 shares, compared to its average volume of 2,799,644. The firm has a market capitalization of $6.72 billion, a P/E ratio of 168.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. The stock’s 50-day moving average price is $58.94 and its 200 day moving average price is $79.21.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.88 EPS. Equities analysts expect that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Oppenheimer lowered their target price on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Citizens Jmp initiated coverage on Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Robert W. Baird set a $75.00 price objective on Builders FirstSource in a report on Friday, July 31st. DA Davidson set a $68.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Finally, Benchmark dropped their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and an average target price of $75.55.

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.