Vontobel Holding Ltd. Acquires New Stake in Builders FirstSource, Inc. $BLDR

Vontobel Holding Ltd. bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, Holdings Channel.com reports. The institutional investor bought 100,708 shares of the company’s stock, valued at approximately $5,741,000.

Other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its holdings in Builders FirstSource by 508.5% in the first 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. Root Financial Partners LLC increased its position in shares of Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. acquired a new position in shares of Builders FirstSource during the third quarter worth $34,000. Versant Capital Management Inc lifted its holdings in shares of Builders FirstSource by 67.5% during the 3rd quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock valued at $38,000 after purchasing an additional 270 shares during the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of Builders FirstSource during the 2nd quarter valued at $42,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BLDR. Melius Research initiated coverage on Builders FirstSource in a research report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price objective for the company. KeyCorp decreased their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada decreased their price target on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. UBS Group set a $85.00 price target on Builders FirstSource in a report on Thursday, October 1st. Finally, Barclays dropped their price target on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource presently has an average rating of “Hold” and an average price target of $83.54.

Builders FirstSource Stock Up 2.0%

Builders FirstSource stock opened at $54.74 on Friday. 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 business’s 50-day simple moving average is $62.10 and its two-hundred day simple moving average is $72.68. The company has a market cap of $5.89 billion, a PE ratio of 60.15, a PEG ratio of 1.79 and a beta of 1.45. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the company posted $2.38 earnings per share. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. Equities analysts anticipate that Builders FirstSource, Inc. will post 3.13 EPS for the current year.

Builders FirstSource Company 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.