12,704 Shares of Builders FirstSource, Inc. $BLDR Purchased by Optas LLC

Optas LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,704 shares of the company’s stock, valued at approximately $724,000.

A number of other institutional investors have also made changes to their positions in the stock. Sunbelt Securities Inc. lifted its holdings in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Allworth Financial LP bought a new stake in Builders FirstSource during the second quarter worth approximately $42,000. Clark Wealth Partners bought a new stake in Builders FirstSource during the third quarter worth approximately $27,000. PFS Partners LLC acquired a new position in Builders FirstSource during the third quarter valued at approximately $28,000. Finally, Continuum Advisory LLC acquired a new position in Builders FirstSource during the second quarter valued at approximately $48,000. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price objective on shares of Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating for the company in a research note on Friday, October 30th. Oppenheimer decreased their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Stifel Nicolaus raised their target price on shares of Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, November 2nd. Deutsche Bank set a $66.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Finally, Melius Research assumed coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 target price for the company. Seven analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Stock Performance

BLDR traded up $0.42 during midday trading on Friday, reaching $60.54. The company’s stock had a trading volume of 1,473,633 shares, compared to its average volume of 2,758,191. The stock has a market cap of $6.51 billion, a P/E ratio of 163.63, a PEG ratio of 1.60 and a beta of 1.41. The company has a fifty day simple moving average of $58.69 and a 200 day simple moving average of $77.72. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50.

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

About Builders FirstSource

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.