11,508 Shares of Builders FirstSource, Inc. $BLDR Bought by Syverson Strege & Co

Syverson Strege & Co purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 11,508 shares of the company’s stock, valued at approximately $656,000.

Several other institutional investors also recently bought and sold shares of the company. Clark Wealth Partners acquired a new position in shares of Builders FirstSource during the third quarter valued at approximately $27,000. PFS Partners LLC purchased a new position in shares of Builders FirstSource in the third quarter valued at approximately $28,000. Sunbelt Securities Inc. lifted its position in shares of Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Root Financial Partners LLC boosted 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 acquiring an additional 113 shares during the last quarter. Finally, Sunrise Financial Services LLC purchased a new stake in shares of Builders FirstSource during the third quarter worth approximately $32,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BLDR has been the subject of a number of research reports. KeyCorp dropped their target price on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Wells Fargo & Company raised their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, October 30th. Benchmark lowered their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Loop Capital downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price objective for the company. in a report on Monday, October 26th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $75.55.

Builders FirstSource Stock Performance

NYSE BLDR opened at $65.41 on Friday. The stock’s fifty day moving average is $59.03 and its two-hundred day moving average is $79.51. The firm has a market capitalization of $7.04 billion, a P/E ratio of 176.79, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the company earned $1.88 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts anticipate that Builders FirstSource, Inc. will post 3.68 earnings per share for the current 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.