10,628 Shares of Builders FirstSource, Inc. $BLDR Bought by Sage Investment Counsel LLC

Sage Investment Counsel LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,628 shares of the company’s stock, valued at approximately $606,000.

Other institutional investors also recently bought and sold shares of the company. Clark Wealth Partners acquired a new stake in Builders FirstSource in the third quarter valued at approximately $27,000. PFS Partners LLC acquired a new position in shares of Builders FirstSource during the third quarter worth $28,000. Sunbelt Securities Inc. lifted its position in shares of 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 purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of 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 position in shares of Builders FirstSource in the third quarter valued at $32,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada lowered their price target on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a report on Friday, July 31st. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. BMO Capital Markets reiterated 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 research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research note on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.35.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $56.14 on Tuesday. The stock has a market cap of $6.04 billion, a P/E ratio of 61.69, a price-to-earnings-growth ratio of 1.89 and a beta of 1.45. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The stock has a 50 day moving average of $60.09 and a 200-day moving average of $81.84. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.38 EPS. On average, analysts expect that Builders FirstSource, Inc. will post 3.07 EPS for the current fiscal year.

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.