WP Advisors LLC Purchases 11,766 Shares of Builders FirstSource, Inc. $BLDR

WP Advisors LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,766 shares of the company’s stock, valued at approximately $671,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Planning Group LLC acquired a new position in Builders FirstSource during the 3rd quarter valued at about $233,000. Brookstone Capital Management acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $10,559,000. Five Oceans Advisors acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $184,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $531,000. Finally, Culbertson A N & Co. Inc. bought a new stake in shares of Builders FirstSource during the third quarter worth approximately $4,841,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BLDR shares. Stifel Nicolaus set a $65.00 price objective on shares of Builders FirstSource in a report on Friday, September 18th. DA Davidson set a $68.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. BMO Capital Markets reaffirmed a “market perform” rating and set a $80.00 target price on shares of Builders FirstSource in a report on Thursday, August 6th. Citigroup reiterated a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Finally, UBS Group set a $85.00 price target on Builders FirstSource in a research note on Thursday, October 1st. Eight investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and an average target price of $82.25.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $57.49 on Friday. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 63.18, a P/E/G ratio of 1.76 and a beta of 1.45. The firm’s 50 day simple moving average is $60.60 and its 200 day simple moving average is $71.91. 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 fifty-two week low of $49.67 and a fifty-two week 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 the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.38 EPS. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 3.10 earnings per share 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.