11,508 Shares in Builders FirstSource, Inc. $BLDR Purchased by Syverson Strege & Co

Syverson Strege & Co purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,508 shares of the company’s stock, valued at approximately $656,000.

Other institutional investors have also recently made changes to their positions in the company. Steele Capital Management Inc. acquired a new stake in Builders FirstSource during the third quarter worth $577,000. Birchwood Financial Partners Inc. acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $410,000. Glaxis Capital Management LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $375,000. Ullmann Wealth Partners Group LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $197,000. Finally, Principle Wealth Partners LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $818,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of several research analyst reports. Royal Bank Of Canada reduced their price objective on shares of Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating on the stock in a report on Friday, October 30th. Benchmark lowered their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. BMO Capital Markets reissued a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Seven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average price target of $75.55.

Builders FirstSource Trading Down 5.9%

BLDR opened at $65.41 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The company has a market cap of $7.04 billion, a P/E ratio of 176.79, a PEG ratio of 1.93 and a beta of 1.41. The business’s 50-day simple moving average is $59.03 and its 200-day simple moving average is $79.51.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.45. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.88 earnings per share. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 3.68 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.