14,672 Shares of Builders FirstSource, Inc. $BLDR Bought by Lmcg Investments LLC

Lmcg Investments LLC purchased 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 firm purchased 14,672 shares of the company’s stock, valued at approximately $836,000.

A number of other large investors have also recently modified their holdings of BLDR. BlackRock Inc. bought a new position in shares of Builders FirstSource in the second quarter worth approximately $700,934,000. Dimensional Fund Advisors LP raised its stake in 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 purchasing an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Builders FirstSource in the second quarter valued at approximately $134,908,000. Pictet Asset Management Holding SA raised its stake in Builders FirstSource by 74.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock valued at $113,478,000 after purchasing an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Builders FirstSource during the second quarter valued at approximately $83,832,000. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on BLDR. Barclays cut their price target on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Citizens Jmp initiated coverage on shares of Builders FirstSource in a report on Friday, August 21st. They issued a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Finally, DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $82.25.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $57.49 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $6.19 billion, a PE ratio of 63.18, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45. The business’s 50-day moving average price is $60.60 and its 200-day moving average price is $71.91. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced 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). The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.38 earnings per share. Sell-side analysts forecast that Builders FirstSource, Inc. will post 3.10 EPS for the current fiscal year.

Builders FirstSource Profile

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.