Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Invst LLC

Invst LLC increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 2.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,723 shares of the company’s stock after acquiring an additional 117 shares during the period. Invst LLC’s holdings in Builders FirstSource were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new position in Builders FirstSource in the 3rd quarter worth about $28,000. Armstrong Advisory Group Inc. bought a new position in Builders FirstSource in the 3rd quarter worth approximately $30,000. Innealta Capital LLC acquired a new stake in Builders FirstSource in the 2nd quarter valued at approximately $27,000. Reston Wealth Management LLC bought a new stake in Builders FirstSource during the 3rd quarter valued at $39,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Builders FirstSource during the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Down 3.4 %

Shares of NYSE BLDR opened at $170.83 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The company has a market cap of $19.66 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 0.98 and a beta of 2.06. The business has a fifty day simple moving average of $183.17 and a 200-day simple moving average of $169.00.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the firm posted $4.24 earnings per share. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. Sell-side analysts predict that Builders FirstSource, Inc. will post 11.55 EPS for the current year.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

BLDR has been the topic of a number of research analyst reports. DA Davidson raised their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, November 6th. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 price target on the stock. Robert W. Baird increased their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and boosted their target price for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and an average target price of $210.00.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.