Goelzer Investment Management Inc. Acquires 102,635 Shares of Builders FirstSource, Inc. $BLDR

Goelzer Investment Management Inc. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 102,635 shares of the company’s stock, valued at approximately $5,851,000. Goelzer Investment Management Inc. owned 0.10% of Builders FirstSource at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BLDR. Chemistry Wealth Management LLC purchased a new stake in shares of Builders FirstSource in the third quarter worth $1,006,000. Annex Advisory Services LLC purchased a new position in Builders FirstSource during the 3rd quarter valued at approximately $500,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $14,823,000. Granite Islands Private Wealth LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $249,000. Finally, Riverbend Wealth Management LLC bought a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $465,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 2.0%

BLDR opened at $54.74 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a market cap of $5.89 billion, a PE ratio of 60.15, a price-to-earnings-growth ratio of 1.75 and a beta of 1.45. The company has a 50-day moving average price of $62.10 and a 200 day moving average price of $72.68.

Builders FirstSource (NYSE:BLDR) last issued 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). The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.38 earnings per share. Sell-side analysts expect that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLDR has been the subject of several research analyst reports. Stifel Nicolaus set a $65.00 target price on Builders FirstSource in a research report on Friday, September 18th. Melius Research began coverage on Builders FirstSource in a research note on Tuesday, October 6th. They set a “sell” rating and a $52.00 price target on the stock. Weiss Ratings downgraded shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada reduced their target price on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, KeyCorp cut their price target on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of “Hold” and an average target price of $83.54.

About Builders FirstSource

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.