11,627 Shares in Builders FirstSource, Inc. $BLDR Purchased by Landmark Wealth Management LLC

Landmark Wealth Management LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,627 shares of the company’s stock, valued at approximately $663,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Builders FirstSource in the 2nd quarter valued at $700,934,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Builders FirstSource during the 2nd quarter worth $134,908,000. Daily Journal Corp acquired a new stake in shares of Builders FirstSource during the third quarter worth $80,555,000. Bank of America Corp DE acquired a new stake in shares of Builders FirstSource during the second quarter worth $83,832,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Builders FirstSource during the third quarter worth $48,738,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Down 0.2%

Shares of Builders FirstSource stock opened at $62.42 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 168.72, a PEG ratio of 1.74 and a beta of 1.41. The firm’s 50-day moving average price is $58.94 and its two-hundred day moving average price is $79.21.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the previous year, the company earned $1.88 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts forecast that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $78.00 price target on shares of Builders FirstSource in a research note on Friday, October 30th. Barclays cut their price objective on shares of Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Oppenheimer decreased their target price on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Finally, Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Seven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and a consensus target price of $75.55.

About Builders FirstSource