Builders FirstSource, Inc. $BLDR Stock Position Boosted by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 828.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 29,577 shares of the company’s stock after acquiring an additional 26,390 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Builders FirstSource were worth $1,686,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities research analysts have commented on BLDR shares. KeyCorp reduced their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Stifel Nicolaus cut their price objective on Builders FirstSource from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of Builders FirstSource in a report on Monday, October 19th. Robert W. Baird set a $75.00 target price on Builders FirstSource in a report on Friday, July 31st. Finally, Benchmark decreased their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $79.35.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $56.65 on Wednesday. The business’s 50-day moving average is $59.82 and its 200-day moving average is $81.60. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced 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). The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm posted $2.38 EPS. Builders FirstSource’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities analysts anticipate that Builders FirstSource, Inc. will post 3.07 EPS for the current fiscal year.

Builders FirstSource Company Profile

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.