Builders FirstSource, Inc. $BLDR Shares Newly Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,243 shares of the company’s stock, valued at approximately $641,000.

Other hedge funds also recently added to or reduced their stakes in the company. Wedbush Securities Inc. boosted its position in shares of Builders FirstSource by 5.3% during the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock valued at $262,000 after buying an additional 147 shares during the period. Private Advisor Group LLC grew its stake in shares of Builders FirstSource by 5.9% during the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock valued at $238,000 after buying an additional 162 shares during the last quarter. Altshuler Shaham Ltd raised its holdings in shares of Builders FirstSource by 2.4% in the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock worth $626,000 after buying an additional 180 shares during the period. Mufg Securities Americas Inc. raised its holdings in shares of Builders FirstSource by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock worth $290,000 after buying an additional 180 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of Builders FirstSource by 2.8% during the 3rd quarter. Park Avenue Securities LLC now owns 7,375 shares of the company’s stock worth $420,000 after acquiring an additional 204 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $60.54 on Friday. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The business’s fifty day simple moving average is $58.69 and its 200-day simple moving average is $77.72. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The company has a market cap of $6.51 billion, a PE ratio of 14.77, a PEG ratio of 1.60 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.45. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.88 earnings per share. Analysts expect that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLDR has been the subject of a number of recent analyst reports. UBS Group dropped their price objective on Builders FirstSource from $88.00 to $75.00 and set a “buy” rating for the company in a report on Friday, October 30th. Robert W. Baird set a $75.00 price target on Builders FirstSource in a research report on Friday, July 31st. DA Davidson set a $68.00 price objective on Builders FirstSource in a report on Friday, July 31st. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Finally, William Blair downgraded shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 22nd. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average 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.