11,772 Builders FirstSource, Inc. $BLDR Shares Purchased by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 30,978.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,810 shares of the company’s stock after buying an additional 11,772 shares during the period. Physician Wealth Advisors Inc.’s holdings in Builders FirstSource were worth $673,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. BlackRock Inc. acquired a new stake in shares of Builders FirstSource during the second quarter worth approximately $700,934,000. Dimensional Fund Advisors LP raised its stake in shares of Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after acquiring an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $134,908,000. Pictet Asset Management Holding SA boosted its holdings in shares of Builders FirstSource by 74.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after acquiring an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $83,832,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of research analyst reports. Citizens Jmp initiated coverage on Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a research report on Friday, July 31st. UBS Group set a $85.00 price objective on Builders FirstSource in a research note on Thursday, October 1st. Royal Bank Of Canada reduced their price objective on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, BMO Capital Markets restated a “market perform” rating and set a $80.00 target price on shares of Builders FirstSource in a report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and an average price target of $82.25.

Builders FirstSource Stock Up 1.7%

NYSE BLDR opened at $53.87 on Wednesday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 59.20, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. 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 stock has a fifty day moving average of $61.29 and a 200-day moving average of $72.24.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates 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 was down 8.8% compared to the same quarter last year. During the same period last year, the company earned $2.38 EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 3.13 EPS for the current year.

About Builders FirstSource

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.