Turtle Creek Wealth Advisors LLC Makes New $1.05 Million Investment in Builders FirstSource, Inc. $BLDR

Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,470 shares of the company’s stock, valued at approximately $1,053,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Builders FirstSource in the second quarter worth about $700,934,000. Dimensional Fund Advisors LP grew its position in shares of Builders FirstSource by 12.3% during the 1st 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 period. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at about $134,908,000. Pictet Asset Management Holding SA raised its holdings in 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 purchasing an additional 588,987 shares during the period. Finally, Bank of America Corp DE acquired a new position in Builders FirstSource in the 2nd quarter worth about $83,832,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 5.3%

Shares of Builders FirstSource stock traded up $2.66 on Thursday, reaching $53.18. The company had a trading volume of 2,641,647 shares, compared to its average volume of 2,528,381. The firm’s 50 day moving average price is $62.87 and its two-hundred day moving average price is $73.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The firm has a market cap of $5.72 billion, a PE ratio of 58.41, a PEG ratio of 1.66 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last posted its earnings results 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 company had revenue of $3.86 billion during 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 firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the business posted $2.38 EPS. Sell-side analysts predict that Builders FirstSource, Inc. will post 3.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the company. UBS Group set a $85.00 price objective on Builders FirstSource in a report on Thursday, October 1st. Stifel Nicolaus set a $65.00 price objective on shares of Builders FirstSource in a research report on Friday, September 18th. Royal Bank Of Canada decreased their price objective on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Wells Fargo & Company dropped their target price on shares of Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. Finally, Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.50.

Builders FirstSource 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.