24,118 Shares in Builders FirstSource, Inc. $BLDR Purchased by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, Holdings Channel reports. The firm purchased 24,118 shares of the company’s stock, valued at approximately $1,375,000.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at $700,934,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth $134,908,000. Bank of America Corp DE acquired a new position in shares of Builders FirstSource during the second quarter worth $83,832,000. Jupiter Topco LLC purchased a new position in Builders FirstSource in the second quarter valued at $73,935,000. Finally, Atlas FRM LLC purchased a new position in Builders FirstSource in the second quarter valued at $64,246,640. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $50.46 on Thursday. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 1.66 and a beta of 1.45. The company has a 50-day simple moving average of $62.87 and a 200-day simple moving average of $73.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.38 EPS. On average, analysts predict that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BLDR. Stifel Nicolaus set a $65.00 price objective on Builders FirstSource in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. Weiss Ratings cut Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. Benchmark lowered their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Finally, Citizens Jmp started coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $84.50.

About Builders FirstSource

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.