18,436 Shares in Builders FirstSource, Inc. $BLDR Bought by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, Holdings Channel.com reports. The fund bought 18,436 shares of the company’s stock, valued at approximately $1,051,000.

Several other institutional investors have also recently made changes to their positions in the stock. Root Financial Partners LLC boosted its holdings in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the period. Wedbush Securities Inc. grew its position in shares of Builders FirstSource by 5.3% in the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock valued at $262,000 after purchasing an additional 147 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Builders FirstSource by 5.9% during the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock valued at $238,000 after purchasing an additional 162 shares during the period. Altshuler Shaham Ltd raised its stake in shares of Builders FirstSource by 2.4% during the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock valued at $626,000 after purchasing an additional 180 shares during the period. Finally, Mufg Securities Americas Inc. lifted its holdings in Builders FirstSource by 5.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock worth $290,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE BLDR traded up $1.22 during trading on Tuesday, reaching $54.17. The company’s stock had a trading volume of 791,955 shares, compared to its average volume of 2,530,787. The firm has a fifty day moving average of $61.72 and a 200 day moving average of $72.43. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The stock has a market capitalization of $5.83 billion, a PE ratio of 59.48, a P/E/G ratio of 1.79 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 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). The company had revenue of $3.86 billion during 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 firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the company posted $2.38 earnings per share. Analysts expect that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BLDR shares. Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Melius Research assumed coverage on Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 target price for the company. UBS Group set a $85.00 price target on Builders FirstSource in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a research report on Friday, July 31st. Finally, Truist Financial lowered their price target on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Nine 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, Builders FirstSource has a consensus rating of “Hold” and a consensus price target of $82.25.

Builders FirstSource 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.