10,283 Shares in Builders FirstSource, Inc. $BLDR Acquired by Burton Enright Welch

Burton Enright Welch bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,283 shares of the company’s stock, valued at approximately $586,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BLDR. BlackRock Inc. acquired a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $700,934,000. Pictet Asset Management Holding SA boosted its stake in shares of Builders FirstSource by 16.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company’s stock valued at $251,651,000 after purchasing an additional 613,087 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource during the second quarter worth $134,908,000. Finally, Daily Journal Corp acquired a new stake in shares of Builders FirstSource during the third quarter worth $80,555,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of BLDR opened at $62.42 on Monday. The firm has a market cap of $6.72 billion, a PE ratio of 168.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The business’s 50 day moving average price is $58.94 and its two-hundred day moving average price is $79.21. 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 (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.06 by $0.45. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 EPS. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of analyst reports. BMO Capital Markets reissued a “market perform” rating and set a $80.00 target price on shares of Builders FirstSource in a research note on Thursday, August 6th. Weiss Ratings restated a “sell (d)” rating on shares of Builders FirstSource in a report on Monday, October 19th. Stifel Nicolaus upped their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, November 2nd. DA Davidson set a $68.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Finally, Benchmark decreased 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. Seven equities research 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.com, the company currently has a consensus rating of “Hold” and a consensus price target of $75.55.

Builders FirstSource Company Profile