Mystic Asset Management Inc. Buys New Shares in Builders FirstSource, Inc. $BLDR

Mystic Asset Management Inc. purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, Holdings Channel.com reports. The firm purchased 28,825 shares of the company’s stock, valued at approximately $1,643,000.

Other hedge funds have also bought and sold shares of the company. Elevated Private Wealth LLC purchased a new stake in shares of Builders FirstSource during the third quarter valued at $506,000. RDA Financial Network acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $182,000. Summit Financial Wealth Advisors LLC purchased a new position in Builders FirstSource in the 3rd quarter worth $160,000. State of Alaska Department of Revenue raised its stake in Builders FirstSource by 3,208.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 348,676 shares of the company’s stock worth $19,878,000 after acquiring an additional 338,137 shares during the last quarter. Finally, Cherry Tree Wealth Management LLC purchased a new position in Builders FirstSource in the 3rd quarter worth $199,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BLDR shares. Citizens Jmp started coverage on Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating for the company. Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Benchmark cut their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Stifel Nicolaus set a $65.00 price objective on Builders FirstSource in a research note on Friday, September 18th. Finally, KeyCorp decreased their target price on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $84.50.

Builders FirstSource Stock Up 6.3%

BLDR stock opened at $53.70 on Friday. The firm’s fifty day simple moving average is $62.50 and its 200-day simple moving average is $72.81. The company has a market capitalization of $5.78 billion, a P/E ratio of 59.01, a price-to-earnings-growth ratio of 1.62 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 12 month low of $49.67 and a 12 month high of $131.50.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the company earned $2.38 EPS. The firm’s revenue was down 8.8% compared to the same quarter last year. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 3.19 earnings per share for the current year.

Builders FirstSource Company 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.