Lipe & Dalton Acquires 14,838 Shares of Builders FirstSource, Inc. $BLDR

Lipe & Dalton acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,838 shares of the company’s stock, valued at approximately $846,000.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $700,934,000. Dimensional Fund Advisors LP lifted its holdings in shares of Builders FirstSource by 12.3% in the 1st 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 last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Builders FirstSource in the 2nd quarter valued at about $134,908,000. Pictet Asset Management Holding SA grew its position in Builders FirstSource by 74.6% in 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 in the last quarter. Finally, Bank of America Corp DE purchased a new position in Builders FirstSource in the second quarter worth about $83,832,000. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BLDR has been the topic of several analyst reports. KeyCorp reduced their price objective on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Citizens Jmp started coverage on Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Barclays dropped their target price on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Melius Research assumed coverage on Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 target price on the stock. Finally, Stifel Nicolaus set a $65.00 price target on Builders FirstSource in a report on Friday, September 18th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $84.50.

Builders FirstSource Stock Down 2.4%

Shares of NYSE:BLDR opened at $50.46 on Thursday. 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 has a 50 day simple moving average of $62.87 and a two-hundred day simple moving average of $73.00. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The firm has a market capitalization of $5.43 billion, a PE ratio of 55.45, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45.

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 analysts’ consensus estimates of $1.25 by ($0.08). The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $2.38 EPS. On average, equities analysts predict that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

Builders FirstSource Profile

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.