Frank Rimerman Advisors LLC Acquires 31,464 Shares of Builders FirstSource, Inc. $BLDR

Frank Rimerman Advisors LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 31,464 shares of the company’s stock, valued at approximately $1,794,000.

Several other large investors also recently modified their holdings of BLDR. Root Financial Partners LLC lifted its position in Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares during the period. Wedbush Securities Inc. boosted its stake in Builders FirstSource by 5.3% in the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock valued at $262,000 after buying an additional 147 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Builders FirstSource by 5.9% in the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock worth $238,000 after acquiring an additional 162 shares during the last quarter. Altshuler Shaham Ltd lifted its holdings in shares of Builders FirstSource by 2.4% in the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock worth $626,000 after acquiring an additional 180 shares during the last quarter. Finally, Mufg Securities Americas Inc. lifted its holdings in shares of Builders FirstSource by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock worth $290,000 after acquiring an additional 180 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BLDR. BMO Capital Markets restated a “market perform” rating and issued a $80.00 target price on shares of Builders FirstSource in a research report on Thursday, August 6th. Benchmark lowered their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Barclays lowered their price objective on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Royal Bank Of Canada dropped their price objective on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Finally, DA Davidson set a $68.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $83.54.

Builders FirstSource Stock Up 2.0%

BLDR stock opened at $54.74 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The stock’s 50 day simple moving average is $62.10 and its 200 day simple moving average is $72.68. The company has a market cap of $5.89 billion, a P/E ratio of 60.15, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45.

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 analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business earned $2.38 earnings per share. Builders FirstSource’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, research analysts expect that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

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.