Builders FirstSource, Inc. $BLDR Shares Newly Purchased by St. Louis Financial Planners Asset Management LLC

St. Louis Financial Planners Asset Management LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 35,635 shares of the company’s stock, valued at approximately $2,032,000.

Several other hedge funds and other institutional investors have also modified their holdings of BLDR. Sunbelt Securities Inc. grew its stake 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 during the last quarter. Root Financial Partners LLC lifted its position in Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the last quarter. Allworth Financial LP acquired a new stake in Builders FirstSource during the second quarter worth approximately $42,000. Continuum Advisory LLC acquired a new stake in Builders FirstSource during the second quarter worth approximately $48,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Builders FirstSource during the second quarter worth approximately $49,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Builders FirstSource stock traded up $1.06 during midday trading on Friday, hitting $54.74. The company’s stock had a trading volume of 2,602,922 shares, compared to its average volume of 3,699,288. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. 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 company has a 50-day moving average price of $62.10 and a two-hundred day moving average price of $72.68. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 60.15, a PEG ratio of 1.75 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the firm earned $2.38 EPS. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on BLDR shares. Benchmark decreased their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Citizens Jmp assumed coverage on Builders FirstSource in a research note on Friday, August 21st. They set a “market perform” rating on the stock. Stifel Nicolaus set a $65.00 price target on Builders FirstSource in a report on Friday, September 18th. Oppenheimer reduced their price target on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Truist Financial decreased their price objective on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Hold” and an average price target of $83.54.

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.