16,623 Shares in Builders FirstSource, Inc. $BLDR Bought by Diligent Investors LLC

Diligent Investors LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, HoldingsChannel reports. The firm purchased 16,623 shares of the company’s stock, valued at approximately $948,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $700,934,000. Dimensional Fund Advisors LP increased its position in shares of Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after buying an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Builders FirstSource during the second quarter worth $134,908,000. Pictet Asset Management Holding SA raised its stake in Builders FirstSource by 74.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after buying an additional 588,987 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in Builders FirstSource in the second quarter valued at $83,832,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 0.8%

BLDR stock opened at $53.51 on Thursday. The stock’s 50 day simple moving average is $60.92 and its 200 day simple moving average is $72.06. 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 debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The company has a market cap of $5.76 billion, a P/E ratio of 58.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (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 firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company posted $2.38 EPS. The firm’s revenue was down 8.8% on a year-over-year basis. On average, research analysts expect that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BLDR shares. BMO Capital Markets restated a “market perform” rating and issued a $80.00 target price on shares of Builders FirstSource in a report on Thursday, August 6th. Citigroup reiterated a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Truist Financial lowered their price objective on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. KeyCorp lowered their price objective on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a research note on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $82.25.

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.