Builders FirstSource, Inc. $BLDR Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 13,597.6% during the third quarter, Holdings Channel reports. The firm owned 579,133 shares of the company’s stock after acquiring an additional 574,905 shares during the period. Kestra Advisory Services LLC’s holdings in Builders FirstSource were worth $33,016,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Builders FirstSource in the 2nd quarter worth about $700,934,000. Dimensional Fund Advisors LP lifted its position in shares of Builders FirstSource by 12.3% during the 1st 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 in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $134,908,000. Bank of America Corp DE bought a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $83,832,000. Finally, Jupiter Topco LLC purchased a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $73,935,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BLDR. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a research report on Friday, July 31st. UBS Group dropped their price target on Builders FirstSource from $88.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Melius Research began coverage on Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 target price for the company. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $78.00 target price on shares of Builders FirstSource in a research note on Friday, October 30th. Seven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $75.55.

Builders FirstSource Stock Performance

Shares of BLDR traded down $3.08 during mid-day trading on Friday, hitting $62.42. The stock had a trading volume of 2,438,293 shares, compared to its average volume of 2,799,644. The firm has a market cap of $6.72 billion, a P/E ratio of 168.72, a PEG ratio of 2.11 and a beta of 1.41. The business has a fifty day moving average price of $58.94 and a 200-day moving average price of $79.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50.

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

Builders FirstSource 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.