17,208 Shares of Builders FirstSource, Inc. $BLDR Bought by Bernicke Wealth Management Ltd.

Bernicke Wealth Management Ltd. bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,208 shares of the company’s stock, valued at approximately $981,000.

Several other institutional investors have also recently bought and sold shares of BLDR. Wedbush Securities Inc. lifted its holdings in shares of Builders FirstSource by 5.3% in the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock worth $262,000 after acquiring an additional 147 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Builders FirstSource by 5.9% in the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock valued at $238,000 after purchasing an additional 162 shares in the last quarter. Altshuler Shaham Ltd boosted its stake in shares of Builders FirstSource by 2.4% in the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock valued at $626,000 after purchasing an additional 180 shares in the last quarter. Mufg Securities Americas Inc. boosted its stake in shares of Builders FirstSource by 5.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock valued at $290,000 after purchasing an additional 180 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of Builders FirstSource by 2.8% during the 3rd quarter. Park Avenue Securities LLC now owns 7,375 shares of the company’s stock valued at $420,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research analyst reports. Benchmark lowered their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. BMO Capital Markets restated a “market perform” rating and issued a $80.00 target price on shares of Builders FirstSource in a research report on Thursday, August 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $78.00 target price on shares of Builders FirstSource in a research note on Friday, October 30th. Finally, Stifel Nicolaus upped their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, November 2nd. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Trading Up 0.7%

BLDR opened at $60.54 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 163.63, a PEG ratio of 1.60 and a beta of 1.41. The company’s 50 day moving average price is $58.69 and its two-hundred day moving average price is $77.72.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.88 EPS. As a group, research analysts predict that Builders FirstSource, Inc. will post 3.85 earnings per share for the current year.

About Builders FirstSource

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.