14,343 Shares in Builders FirstSource, Inc. $BLDR Acquired by Principle Wealth Partners LLC

Principle Wealth Partners LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel reports. The institutional investor purchased 14,343 shares of the company’s stock, valued at approximately $818,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clark Wealth Partners bought a new position in Builders FirstSource in the 3rd quarter valued at approximately $27,000. PFS Partners LLC purchased a new stake in Builders FirstSource during the 3rd quarter valued at $28,000. Sunbelt Securities Inc. increased its holdings in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Sunrise Financial Services LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter worth $32,000. Finally, Barrett & Company Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth $33,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR traded down $3.08 during trading hours on Friday, reaching $62.42. The company had a trading volume of 2,438,293 shares, compared to its average volume of 2,799,644. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 168.72, a PEG ratio of 2.11 and a beta of 1.41. The firm’s 50 day moving average price is $58.94 and its 200-day moving average price is $79.21.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.45. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 EPS. On average, analysts forecast that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BLDR shares. Robert W. Baird set a $75.00 price target on Builders FirstSource in a report on Friday, July 31st. Wells Fargo & Company lifted their price objective on Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. Citigroup reiterated a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $78.00 target price on shares of Builders FirstSource in a research report on Friday, October 30th. Finally, KeyCorp lowered their target price on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $75.55.

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.