12,551 Shares of Builders FirstSource, Inc. $BLDR Purchased by Platform Technology Partners

Platform Technology Partners 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 12,551 shares of the company’s stock, valued at approximately $716,000.

A number of other institutional investors have also recently modified their holdings of BLDR. Capstone Wealth Management LLC acquired a new position in Builders FirstSource in the 3rd quarter worth about $404,000. Inscription Capital LLC acquired a new stake in Builders FirstSource in the third quarter valued at approximately $415,000. Quest 10 Wealth Builders Inc. acquired a new stake in Builders FirstSource in the third quarter valued at approximately $47,000. Wealth Dimensions Group Ltd. purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $184,000. Finally, Prescott Group Capital Management L.L.C. increased its position in shares of Builders FirstSource by 35.2% in the third quarter. Prescott Group Capital Management L.L.C. now owns 23,041 shares of the company’s stock valued at $1,314,000 after buying an additional 6,000 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BLDR has been the subject of several research analyst reports. Citizens Jmp began coverage on Builders FirstSource in a research note on Friday, August 21st. They set a “market perform” rating for the company. William Blair cut shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 22nd. UBS Group cut their price target on shares of Builders FirstSource from $88.00 to $75.00 and set a “buy” rating for the company in a report on Friday, October 30th. Citigroup restated a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating on the stock in a report on Friday, October 30th. 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 company’s stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $65.41 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The business’s 50 day moving average price is $59.03 and its 200-day moving average price is $79.51. The firm has a market capitalization of $7.04 billion, a PE ratio of 176.79, a P/E/G ratio of 1.93 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.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data 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 return on equity of 10.77% and a net margin of 0.28%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the company earned $1.88 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Builders FirstSource Profile

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.