24,002 Shares in Builders FirstSource, Inc. $BLDR Purchased by Insight Advisors LLC PA

Insight Advisors LLC PA acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel.com reports. The firm acquired 24,002 shares of the company’s stock, valued at approximately $1,368,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Builders FirstSource in the second quarter valued at $700,934,000. Dimensional Fund Advisors LP boosted its holdings in shares of Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after acquiring an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Builders FirstSource during the second quarter worth about $134,908,000. Pictet Asset Management Holding SA grew its position in shares of Builders FirstSource by 74.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after acquiring an additional 588,987 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Builders FirstSource in the 2nd quarter worth about $83,832,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on BLDR. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Oppenheimer decreased their target price on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Citigroup restated a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Melius Research started coverage on Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price target on the stock. Finally, Barclays reduced their price objective on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $82.25.

Builders FirstSource Trading Up 7.4%

Shares of NYSE BLDR opened at $57.49 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 63.18, a P/E/G ratio of 1.76 and a beta of 1.45. The business has a fifty day simple moving average of $60.60 and a 200-day simple moving average of $71.91.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. Builders FirstSource’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.38 EPS. Sell-side analysts predict that Builders FirstSource, Inc. will post 3.10 EPS for the current year.

Builders FirstSource Company 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.