Builders FirstSource, Inc. $BLDR Shares Newly Purchased by Fortitude Financial LLC

Fortitude Financial LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,000 shares of the company’s stock, valued at approximately $855,000. Builders FirstSource accounts for about 0.4% of Fortitude Financial LLC’s holdings, making the stock its 23rd biggest holding.

Several other hedge funds have also recently bought and sold shares of BLDR. BlackRock Inc. acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at approximately $700,934,000. Dimensional Fund Advisors LP lifted its holdings in shares of Builders FirstSource by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after acquiring an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $134,908,000. Pictet Asset Management Holding SA boosted its position in shares of Builders FirstSource by 74.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after acquiring an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $83,832,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Builders FirstSource stock traded down $1.84 during mid-day trading on Monday, reaching $52.81. The company had a trading volume of 2,461,255 shares, compared to its average volume of 2,539,682. 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 current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market cap of $5.68 billion, a P/E ratio of 58.04, a P/E/G ratio of 1.79 and a beta of 1.45. The business has a fifty day simple moving average of $62.10 and a 200 day simple moving average of $72.64.

Builders FirstSource (NYSE:BLDR) last posted its earnings results 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). The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.38 EPS. On average, equities research analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of recent analyst reports. Citizens Jmp assumed coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. UBS Group set a $85.00 target price on Builders FirstSource in a research note on Thursday, October 1st. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research note on Friday, July 31st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Finally, Oppenheimer decreased their price target on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research note on Friday. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.54.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.