Sanctuary Advisors LLC Makes New $847,000 Investment in Builders FirstSource, Inc. $BLDR

Sanctuary Advisors LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,471 shares of the company’s stock, valued at approximately $847,000.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Builders FirstSource in the 2nd quarter worth $700,934,000. Schwartz Investment Counsel Inc. increased its stake in Builders FirstSource by 17.1% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock valued at $9,857,000 after purchasing an additional 14,000 shares in the last quarter. Fiera Capital Corp increased its stake in Builders FirstSource by 36.0% during the 4th quarter. Fiera Capital Corp now owns 653,839 shares of the company’s stock valued at $67,273,000 after purchasing an additional 173,230 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Builders FirstSource by 10.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock worth $24,993,000 after buying an additional 22,270 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Builders FirstSource by 99,084.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after buying an additional 2,239,301 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 0.8%

BLDR opened at $67.74 on Friday. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03. The company’s 50-day moving average price is $74.96 and its two-hundred day moving average price is $82.79. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 74.44, a PEG ratio of 2.18 and a beta of 1.44. 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 (NYSE:BLDR) last issued its quarterly 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the business earned $2.38 EPS. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, equities analysts expect that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Loop Capital dropped their price objective on shares of Builders FirstSource from $140.00 to $110.00 in a research note on Friday, May 1st. Wolfe Research upgraded shares of Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Truist Financial dropped their price target on shares of Builders FirstSource from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Zacks Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, Oppenheimer decreased their price objective on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Builders FirstSource has an average rating of “Hold” and an average target price of $90.35.

Builders FirstSource Profile

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.