VCI Wealth Management LLC Takes $824,000 Position in Builders FirstSource, Inc. $BLDR

VCI Wealth Management LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,792 shares of the company’s stock, valued at approximately $824,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new position in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. MUFG Securities EMEA plc acquired a new stake in Builders FirstSource in the 2nd quarter valued at about $38,000. Smithfield Trust Co grew its holdings in Builders FirstSource by 187.7% during the second quarter. Smithfield Trust Co now owns 420 shares of the company’s stock worth $49,000 after purchasing an additional 274 shares during the period. AlphaQuest LLC bought a new position in Builders FirstSource during the second quarter worth about $67,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Builders FirstSource during the second quarter worth approximately $67,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Up 0.9%

BLDR opened at $103.63 on Friday. The stock has a fifty day moving average of $109.54 and a 200-day moving average of $122.04. The company has a market capitalization of $11.46 billion, a P/E ratio of 19.74, a P/E/G ratio of 11.06 and a beta of 1.56. Builders FirstSource, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $175.12. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the prior year, the company posted $3.07 earnings per share. Builders FirstSource’s revenue was down 6.9% compared to the same quarter last year. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

BLDR has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their price objective on Builders FirstSource from $147.00 to $146.00 in a research report on Friday, October 31st. KeyCorp set a $145.00 price target on Builders FirstSource in a report on Wednesday, October 1st. Wells Fargo & Company initiated coverage on shares of Builders FirstSource in a research report on Monday, November 17th. They set an “equal weight” rating and a $115.00 price objective for the company. DA Davidson dropped their price objective on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Finally, Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $135.07.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.