6,792 Shares in Builders FirstSource, Inc. $BLDR Acquired by VCI Wealth Management LLC

VCI Wealth Management LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 6,792 shares of the company’s stock, valued at approximately $824,000.

Other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. grew its holdings in shares of Builders FirstSource by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after purchasing an additional 78 shares in the last quarter. VestGen Advisors LLC lifted its position in Builders FirstSource by 4.6% during the second quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock worth $227,000 after purchasing an additional 86 shares during the period. Stephens Inc. AR grew its stake in Builders FirstSource by 3.1% during the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock worth $354,000 after buying an additional 90 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after buying an additional 109 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in Builders FirstSource by 0.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,858 shares of the company’s stock valued at $1,967,000 after buying an additional 131 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Up 0.9%

Shares of NYSE:BLDR opened at $103.63 on Friday. Builders FirstSource, Inc. has a 52-week low of $94.35 and a 52-week high of $175.12. The company has a market capitalization of $11.46 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 11.06 and a beta of 1.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. The company has a fifty day moving average of $109.54 and a 200-day moving average of $122.04.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the previous year, the company posted $3.07 EPS. Builders FirstSource’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BLDR. Robert W. Baird set a $135.00 price target on shares of Builders FirstSource in a research report on Friday, October 31st. UBS Group upped their target price on Builders FirstSource from $158.00 to $166.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. BMO Capital Markets lowered their price target on Builders FirstSource from $130.00 to $123.00 in a report on Wednesday, October 29th. Finally, Wells Fargo & Company started coverage on Builders FirstSource in a research note on Monday, November 17th. They issued an “equal weight” rating and a $115.00 price objective on the stock. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $135.07.

Builders FirstSource Company 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.