15,184 Shares in Builders FirstSource, Inc. $BLDR Purchased by Obermeyer Wealth Partners

Obermeyer Wealth Partners purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 15,184 shares of the company’s stock, valued at approximately $866,000.

Several other institutional investors have also recently made changes to their positions in BLDR. Clark Wealth Partners acquired a new position in Builders FirstSource in the third quarter valued at approximately $27,000. PFS Partners LLC acquired a new stake in Builders FirstSource during the third quarter worth $28,000. Sunbelt Securities Inc. increased its stake in Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the last quarter. Root Financial Partners LLC raised its position in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the period. Finally, Sunrise Financial Services LLC purchased a new stake in Builders FirstSource in the third quarter valued at $32,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 0.8%

Builders FirstSource stock opened at $53.51 on Thursday. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The firm has a 50 day moving average price of $60.92 and a 200 day moving average price of $72.06. The company has a market capitalization of $5.76 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last announced its 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). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the firm earned $2.38 EPS. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. Research analysts expect that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Stifel Nicolaus set a $65.00 price objective on Builders FirstSource in a research report on Friday, September 18th. UBS Group set a $85.00 price objective on shares of Builders FirstSource in a report on Thursday, October 1st. William Blair lowered shares of Builders FirstSource to a “market perform” rating in a report on Thursday. Finally, Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $82.25.

About Builders FirstSource

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.