United Capital Financial Advisors LLC Makes New Investment in Builders FirstSource, Inc. $BLDR

United Capital Financial Advisors LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,235 shares of the company’s stock, valued at approximately $737,000.

Several other institutional investors and hedge funds have also modified their holdings of BLDR. Formula Growth Ltd. purchased a new position in Builders FirstSource during the second quarter valued at approximately $358,000. Public Employees Retirement System of Ohio purchased a new stake in Builders FirstSource in the 2nd quarter worth approximately $2,672,000. Littlejohn & Co. LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $15,271,641. Hauser Brothers GmbH acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $11,533,972. Finally, Proficio Capital Partners LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at approximately $426,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.0%

Shares of NYSE:BLDR opened at $67.74 on Monday. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 74.44, a price-to-earnings-growth ratio of 2.20 and a beta of 1.44. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The business’s 50 day moving average price is $74.96 and its 200-day moving average price is $82.50.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. Builders FirstSource’s revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.38 EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BLDR shares. UBS Group decreased their target price on shares of Builders FirstSource from $122.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, July 31st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a report on Thursday, August 6th. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Benchmark decreased their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. 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, Builders FirstSource currently has an average rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.