MBL Wealth LLC Purchases 17,512 Shares of Builders FirstSource, Inc. $BLDR

MBL Wealth LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, Holdings Channel reports. The fund purchased 17,512 shares of the company’s stock, valued at approximately $998,000.

Other large investors have also modified their holdings of the company. Root Financial Partners LLC lifted its position in Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Wedbush Securities Inc. boosted its stake in Builders FirstSource by 5.3% during the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock valued at $262,000 after purchasing an additional 147 shares during the period. Private Advisor Group LLC boosted its stake in Builders FirstSource by 5.9% during the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock valued at $238,000 after purchasing an additional 162 shares during the period. Altshuler Shaham Ltd grew its position in Builders FirstSource by 2.4% in the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock worth $626,000 after purchasing an additional 180 shares during the last quarter. Finally, Mufg Securities Americas Inc. grew its position in Builders FirstSource by 5.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock worth $290,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $56.88 on Friday. The firm has a 50-day moving average price of $60.29 and a 200 day moving average price of $71.80. The firm has a market capitalization of $6.12 billion, a PE ratio of 62.51, a P/E/G ratio of 1.91 and a beta of 1.45. 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, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business posted $2.38 EPS. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 3.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLDR has been the topic of several analyst reports. Melius Research began coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price target on the stock. Stifel Nicolaus set a $65.00 price objective on Builders FirstSource in a research report on Friday, September 18th. Wells Fargo & Company decreased their price objective on Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, October 16th. DA Davidson set a $68.00 target price on Builders FirstSource in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. Eight analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource has an average rating of “Hold” and an average price target of $82.25.

About Builders FirstSource

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.