11,575 Shares in Builders FirstSource, Inc. $BLDR Purchased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,575 shares of the company’s stock, valued at approximately $660,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at approximately $700,934,000. Dimensional Fund Advisors LP lifted its stake in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing 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 2nd quarter valued at $134,908,000. Pictet Asset Management Holding SA lifted its stake in shares of Builders FirstSource by 74.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock valued at $113,478,000 after purchasing an additional 588,987 shares during the period. Finally, Bank of America Corp DE purchased a new stake in Builders FirstSource during the second quarter worth $83,832,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Stifel Nicolaus set a $65.00 price target on shares of Builders FirstSource in a research report on Friday, September 18th. KeyCorp cut their price objective on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Truist Financial lowered their target price on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Finally, Citigroup restated a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $84.50.

Builders FirstSource Trading Up 6.3%

Shares of NYSE:BLDR opened at $53.70 on Friday. The business’s 50 day moving average price is $62.50 and its 200-day moving average price is $72.81. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 59.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. Builders FirstSource’s 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 forecast that Builders FirstSource, Inc. will post 3.19 earnings per share for the current fiscal 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.