96,993 Shares in Builders FirstSource, Inc. $BLDR Bought by Brighton Jones LLC

Brighton Jones LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 96,993 shares of the company’s stock, valued at approximately $5,530,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Island Capital LLC bought a new position in shares of Builders FirstSource during the third quarter worth about $12,524,000. Nisa Investment Advisors LLC increased its holdings in Builders FirstSource by 40,460.9% in the third quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock valued at $41,761,000 after buying an additional 730,723 shares during the last quarter. Louisbourg Investments Inc. bought a new stake in Builders FirstSource in the third quarter valued at about $1,949,000. BlackRock Inc. bought a new stake in Builders FirstSource in the second quarter valued at about $700,934,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in Builders FirstSource during the third quarter valued at approximately $3,218,000. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of research analyst reports. DA Davidson set a $68.00 target price on Builders FirstSource in a report on Friday, July 31st. Barclays decreased their target price on Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. Oppenheimer lowered their price target on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Robert W. Baird set a $75.00 price target on Builders FirstSource in a research report on Friday, July 31st. Finally, Wells Fargo & Company raised their price objective on Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Stock Performance

BLDR stock opened at $62.42 on Monday. 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 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. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The stock’s fifty day moving average is $58.94 and its two-hundred day moving average is $79.21.

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

Builders FirstSource Company Profile