13,023 Shares in Builders FirstSource, Inc. $BLDR Acquired by Carson Advisory Inc.

Carson Advisory Inc. purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, Holdings Channel reports. The fund purchased 13,023 shares of the company’s stock, valued at approximately $742,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ProVise Management Group LLC bought a new position in Builders FirstSource in the 3rd quarter valued at approximately $19,128,000. Moors & Cabot Inc. increased its holdings in shares of Builders FirstSource by 635.8% in the 3rd quarter. Moors & Cabot Inc. now owns 48,424 shares of the company’s stock worth $2,761,000 after purchasing an additional 41,843 shares in the last quarter. Valmark Advisers Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth $490,000. PFC Capital Group Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth $192,000. Finally, Citizens & Northern Corp bought a new stake in shares of Builders FirstSource in the 3rd quarter worth $2,938,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.7%

Shares of BLDR stock opened at $60.54 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The stock has a market capitalization of $6.51 billion, a P/E ratio of 163.63, a P/E/G ratio of 1.60 and a beta of 1.41. The firm’s 50 day moving average is $58.69 and its 200 day moving average is $77.72.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Truist Financial boosted their price target on Builders FirstSource from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Deutsche Bank set a $66.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Melius Research began coverage on Builders FirstSource in a report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price objective for the company. KeyCorp decreased their target price on Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. Finally, Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Seven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average price target of $75.55.

Builders FirstSource Company Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.