75,344 Shares in Builders FirstSource, Inc. $BLDR Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel.com reports. The firm purchased 75,344 shares of the company’s stock, valued at approximately $4,295,000.

A number of other large investors also recently modified their holdings of BLDR. Root Financial Partners LLC grew its holdings in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Builders FirstSource by 5.3% in the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock valued at $262,000 after purchasing an additional 147 shares in the last quarter. Private Advisor Group LLC lifted its position in 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 purchasing an additional 162 shares during the last quarter. Altshuler Shaham Ltd increased its holdings in shares of Builders FirstSource by 2.4% in the 1st 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 last quarter. Finally, Mufg Securities Americas Inc. raised its position in shares of Builders FirstSource by 5.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock valued at $290,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $57.49 on Friday. 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 stock has a market capitalization of $6.19 billion, a PE ratio of 63.18, a P/E/G ratio of 1.76 and a beta of 1.45. 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 fifty day moving average of $60.60 and a two-hundred day moving average of $71.91.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the business posted $2.38 earnings per share. The business’s quarterly revenue was down 8.8% on a year-over-year basis. As a group, research analysts forecast that Builders FirstSource, Inc. will post 3.10 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on BLDR. UBS Group set a $85.00 price objective on Builders FirstSource in a research note on Thursday, October 1st. Melius Research initiated coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday. Oppenheimer cut their price target on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Finally, Truist Financial dropped their target price on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Eight research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on 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.