14,932 Shares in Builders FirstSource, Inc. $BLDR Purchased by Murphy Middleton Hinkle & Parker Inc.

Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,932 shares of the company’s stock, valued at approximately $851,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. Uptown Financial Advisors LLC purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth $203,000. Cohen Klingenstein LLC acquired a new position in shares of Builders FirstSource during the third quarter worth $5,182,000. AdvisorNet Financial Inc increased its holdings in Builders FirstSource by 597,666.7% in the third quarter. AdvisorNet Financial Inc now owns 17,933 shares of the company’s stock valued at $1,022,000 after buying an additional 17,930 shares during the last quarter. Community Trust & Investment Co. purchased a new position in Builders FirstSource in the third quarter valued at $293,000. Finally, Harrell Investment Partners LLC acquired a new stake in Builders FirstSource in the third quarter valued at $2,349,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BLDR. Wells Fargo & Company decreased their price target on Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating for the company in a report on Friday, September 11th. Barclays lowered their price objective on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Weiss Ratings lowered Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Finally, Stifel Nicolaus set a $65.00 target price on Builders FirstSource in a research report on Friday, September 18th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $84.50.

Builders FirstSource Stock Up 6.3%

Builders FirstSource stock opened at $53.70 on Friday. 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 capitalization of $5.78 billion, a P/E ratio of 59.01, a PEG ratio of 1.62 and a beta of 1.45. The stock has a 50-day simple moving average of $62.50 and a 200-day simple moving average of $72.81.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the company earned $2.38 earnings per share. Equities research analysts expect that Builders FirstSource, Inc. will post 3.19 earnings per share for the current year.

About Builders FirstSource

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.