Fort Washington Investment Advisors Inc. OH Makes New $48.74 Million Investment in Builders FirstSource, Inc. $BLDR

Fort Washington Investment Advisors Inc. OH acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 854,895 shares of the company’s stock, valued at approximately $48,738,000.

Several other hedge funds also recently bought and sold shares of BLDR. B.A. Schrock Wealth Management Inc. purchased a new position in Builders FirstSource in the 3rd quarter worth about $396,000. ASL Financial LLC bought a new stake in Builders FirstSource during the 3rd quarter valued at about $355,000. Nolet Wealth Management LLC bought a new stake in Builders FirstSource during the 3rd quarter valued at about $204,000. Howard Financial Services LTD. boosted its position in Builders FirstSource by 10.7% in the 3rd quarter. Howard Financial Services LTD. now owns 6,135 shares of the company’s stock valued at $350,000 after buying an additional 592 shares during the period. Finally, Ashurst Perkins Coie Trust Co boosted its position in Builders FirstSource by 4,196.9% in the 3rd quarter. Ashurst Perkins Coie Trust Co now owns 61,531 shares of the company’s stock valued at $3,508,000 after buying an additional 60,099 shares during the period. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on BLDR shares. Oppenheimer decreased their price target on shares of Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Benchmark lowered their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Weiss Ratings cut Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. BMO Capital Markets restated a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $84.50.

Builders FirstSource Trading Down 2.4%

NYSE BLDR opened at $50.46 on Thursday. 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 company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 55.45, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45. The company’s 50-day simple moving average is $62.87 and its two-hundred day simple moving average is $73.00. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50.

Builders FirstSource (NYSE:BLDR) last posted 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). The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.38 EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

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.