DMKC Advisory Services LLC Purchases New Shares in Builders FirstSource, Inc. $BLDR

DMKC Advisory Services LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 70,773 shares of the company’s stock, valued at approximately $4,035,000.

Several other institutional investors have also recently modified their holdings of BLDR. 71 West Capital Partners purchased a new position in Builders FirstSource during the third quarter worth $1,455,000. Welch & Forbes LLC acquired a new position in shares of Builders FirstSource in the third quarter worth $2,417,000. Beutel Goodman & Co Ltd. acquired a new position in shares of Builders FirstSource in the third quarter worth $108,298,000. Alpha Family Trust purchased a new stake in shares of Builders FirstSource in the third quarter valued at $412,000. Finally, Gryphon Financial Partners LLC purchased a new stake in shares of Builders FirstSource in the third quarter valued at $1,159,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 5.3%

Shares of BLDR opened at $65.88 on Tuesday. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The company has a market capitalization of $7.09 billion, a PE ratio of 178.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. The stock has a fifty day moving average of $58.90 and a two-hundred day moving average of $78.91. 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 (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.45. The business 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 business’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 earnings per share. As a group, analysts forecast that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BLDR. Royal Bank Of Canada decreased their price objective on Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating on the stock in a research note on Friday, October 30th. UBS Group dropped their price objective on Builders FirstSource from $88.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Weiss Ratings restated a “sell (d)” rating on shares of Builders FirstSource in a report on Monday, October 19th. Finally, KeyCorp reduced their target price on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Company Profile