Weaver Capital Management LLC Purchases New Shares in Builders FirstSource, Inc. $BLDR

Weaver Capital Management LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,843 shares of the company’s stock, valued at approximately $561,000.

Several other institutional investors have also added to or reduced their stakes in BLDR. Sunbelt Securities Inc. grew its holdings in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. Root Financial Partners LLC increased its position in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares during the period. Allworth Financial LP bought a new stake in shares of Builders FirstSource in the second quarter valued at about $42,000. Continuum Advisory LLC bought a new stake in shares of Builders FirstSource in the second quarter valued at about $48,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Builders FirstSource in the second quarter valued at about $49,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research note on Friday, July 31st. Citizens Jmp started coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Weiss Ratings downgraded shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Wells Fargo & Company cut their price objective on shares of Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating for the company in a report on Friday, September 11th. Finally, BMO Capital Markets restated a “market perform” rating and set a $80.00 target price on shares of Builders FirstSource in a research report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $84.50.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $53.70 on Friday. The firm has a market cap of $5.78 billion, a PE ratio of 59.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The stock’s fifty day moving average price is $62.50 and its two-hundred day moving average price is $72.81. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.38 earnings per share. As a group, research analysts expect that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

Builders FirstSource Profile

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.