Talbot Financial LLC Purchases New Shares in Builders FirstSource, Inc. $BLDR

Talbot Financial LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, Holdings Channel reports. The fund acquired 125,980 shares of the company’s stock, valued at approximately $7,182,000.

Several other large investors have also modified their holdings of the business. Sonata Capital Group Inc. acquired a new position in Builders FirstSource in the third quarter valued at about $195,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Builders FirstSource during the third quarter valued at about $70,000. OceanIQ Capital LLC acquired a new stake in shares of Builders FirstSource during the third quarter valued at about $164,000. Quantum Financial Partners LLC purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $193,000. Finally, Kaufman Rossin Wealth LLC purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $226,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 3.0%

Builders FirstSource stock traded down $1.66 during mid-day trading on Monday, reaching $52.99. 757,834 shares of the company’s stock were exchanged, compared to its average volume of 2,530,620. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a market cap of $5.70 billion, a P/E ratio of 58.23, a P/E/G ratio of 1.79 and a beta of 1.45. The company has a fifty day moving average of $62.10 and a 200-day moving average of $72.64.

Builders FirstSource (NYSE:BLDR) last posted its quarterly 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm earned $2.38 EPS. The business’s revenue was down 8.8% on a year-over-year basis. Sell-side analysts expect that Builders FirstSource, Inc. will post 3.13 EPS for the current year.

Analysts Set New Price Targets

BLDR has been the topic of several recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Weiss Ratings downgraded shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. Benchmark decreased their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Finally, KeyCorp dropped their price objective on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.54.

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.