Harrell Investment Partners LLC Buys New Shares in Builders FirstSource, Inc. $BLDR

Harrell Investment Partners LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel.com reports. The fund purchased 41,212 shares of the company’s stock, valued at approximately $2,349,000.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $700,934,000. Dimensional Fund Advisors LP boosted its stake in Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $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 valued at about $134,908,000. Pictet Asset Management Holding SA raised its holdings in shares of Builders FirstSource by 74.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after purchasing an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in Builders FirstSource in the second quarter worth approximately $83,832,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. KeyCorp cut their price objective on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Weiss Ratings cut Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. Benchmark decreased their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Finally, DA Davidson set a $68.00 price objective on Builders FirstSource in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average target price of $84.50.

Builders FirstSource Trading Up 6.3%

Shares of BLDR opened at $53.70 on Friday. The stock has a 50 day simple moving average of $62.50 and a 200-day simple moving average of $72.81. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The stock has a market cap of $5.78 billion, a PE ratio of 59.01, a PEG ratio of 1.62 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share 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 for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business posted $2.38 EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

Builders FirstSource Profile

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.