Pavion Blue Capital LLC Purchases New Position in Builders FirstSource, Inc. $BLDR

Pavion Blue Capital LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel.com reports. The fund purchased 48,568 shares of the company’s stock, valued at approximately $2,769,000. Builders FirstSource accounts for 1.1% of Pavion Blue Capital LLC’s holdings, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of BLDR. UNIVEST FINANCIAL Corp bought a new position in Builders FirstSource in the 3rd quarter worth $345,000. Joel Isaacson & Co. LLC bought a new position in Builders FirstSource in the 3rd quarter worth approximately $3,366,000. Jacobi Capital Management LLC acquired a new position in shares of Builders FirstSource during the third quarter worth approximately $1,139,000. Valued Wealth Advisors LLC lifted its holdings in shares of Builders FirstSource by 26,633.3% during the third quarter. Valued Wealth Advisors LLC now owns 802 shares of the company’s stock worth $46,000 after buying an additional 799 shares during the last quarter. Finally, International Private Wealth Advisors LLC acquired a new position in shares of Builders FirstSource during the third quarter worth approximately $177,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

NYSE BLDR opened at $62.23 on Thursday. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The stock has a market cap of $6.70 billion, a P/E ratio of 168.19, a PEG ratio of 1.67 and a beta of 1.41. The company’s 50-day simple moving average is $58.82 and its 200 day simple moving average is $78.30.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations 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 last year, the company earned $1.88 earnings per share. As a group, research analysts forecast that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BLDR shares. DA Davidson set a $68.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Citizens Jmp assumed coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They set a “market perform” rating for the company. Oppenheimer reduced their price target on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Finally, Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and an average target price of $75.55.

Builders FirstSource Company Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.