11,024 Shares of Builders FirstSource, Inc. $BLDR Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,024 shares of the company’s stock, valued at approximately $628,000.

Several other institutional investors and hedge funds have also modified their holdings of BLDR. BlackRock Inc. acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $700,934,000. Pictet Asset Management Holding SA lifted its stake in Builders FirstSource by 16.1% in the third quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company’s stock valued at $251,651,000 after buying an additional 613,087 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Builders FirstSource by 12.3% in 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 during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Builders FirstSource in the second quarter valued at approximately $134,908,000. Finally, Daily Journal Corp acquired a new position in shares of Builders FirstSource in the third quarter valued at approximately $80,555,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 5.3%

NYSE:BLDR opened at $65.88 on Tuesday. The company has a market cap of $7.09 billion, a P/E ratio of 178.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The business has a 50 day moving average price of $58.90 and a two-hundred day moving average price of $78.91. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. As a group, analysts expect that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BLDR shares. Citigroup restated a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Barclays reduced their target price on shares of Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Stifel Nicolaus increased their target price on Builders FirstSource from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, November 2nd. Wells Fargo & Company increased their target price on Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $78.00 price target on shares of Builders FirstSource in a research note on Friday, October 30th. Seven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $75.55.

About Builders FirstSource