MFA Wealth Services Buys New Shares in Builders FirstSource, Inc. $BLDR

MFA Wealth Services purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,756 shares of the company’s stock, valued at approximately $898,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Builders FirstSource in the second quarter valued at $700,934,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Builders FirstSource in the second quarter worth $7,317,000. JB Capital Partners LP acquired a new stake in shares of Builders FirstSource in the second quarter worth $26,151,872. Lodge Hill Capital LLC boosted its position in shares of Builders FirstSource by 9.9% in the first quarter. Lodge Hill Capital LLC now owns 333,000 shares of the company’s stock worth $27,416,000 after buying an additional 30,000 shares during the period. Finally, GoodHaven Capital Management LLC grew its holdings in shares of Builders FirstSource by 23.4% during the second quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company’s stock valued at $20,469,000 after buying an additional 43,330 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 0.8%

BLDR opened at $51.71 on Wednesday. The company has a market capitalization of $5.56 billion, a PE ratio of 56.83, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. Builders FirstSource, Inc. has a fifty-two week low of $51.24 and a fifty-two week high of $131.50. The business has a 50-day moving average of $63.38 and a 200-day moving average of $73.22.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $3.91 billion. During the same period in the previous year, the firm posted $2.38 EPS. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities research analysts forecast that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

Analysts Set New Price Targets

BLDR has been the topic of several recent analyst reports. UBS Group set a $85.00 price target on Builders FirstSource in a research report on Thursday, October 1st. Citizens Jmp initiated coverage on Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating for the company. KeyCorp lowered their target price 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. Melius Research assumed coverage on Builders FirstSource in a research note on Tuesday, October 6th. They set a “sell” rating and a $52.00 target price on the stock. Finally, Wells Fargo & Company dropped their target price on Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating on the stock in a report on Friday, September 11th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $84.50.

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.