Builders FirstSource, Inc. $BLDR Shares Newly Bought by Cypress Wealth Services LLC

Cypress Wealth Services LLC 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 SEC. The institutional investor purchased 19,097 shares of the company’s stock, valued at approximately $1,089,000.

A number of other hedge funds have also made changes to their positions in BLDR. BlackRock Inc. bought a new position in shares of Builders FirstSource in the 2nd quarter valued at approximately $700,934,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Builders FirstSource in the 2nd quarter worth approximately $134,908,000. Bank of America Corp DE acquired a new stake in Builders FirstSource in the 2nd quarter worth approximately $83,832,000. Fort Washington Investment Advisors Inc. OH bought a new stake in Builders FirstSource during the third quarter worth approximately $48,738,000. Finally, Jupiter Topco LLC bought a new stake in Builders FirstSource during the second quarter worth approximately $73,935,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on BLDR shares. Truist Financial lowered their price target on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Stifel Nicolaus set a $65.00 price target on shares of Builders FirstSource in a research report on Friday, September 18th. Oppenheimer reduced their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Melius Research started coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective for the company. Finally, UBS Group set a $85.00 price objective on shares of Builders FirstSource in a report on Thursday, October 1st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $82.25.

Builders FirstSource Trading Down 0.8%

Builders FirstSource stock opened at $53.51 on Thursday. 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 $60.92 and its 200-day simple moving average is $72.06. The firm has a market capitalization of $5.76 billion, a PE ratio of 58.80, a PEG ratio of 1.76 and a beta of 1.45. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50.

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 business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the firm posted $2.38 EPS. Builders FirstSource’s revenue for the quarter was down 8.8% on a year-over-year basis. Equities research analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

About Builders FirstSource

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.