13,622 Shares in Builders FirstSource, Inc. $BLDR Bought by Neumann Capital Management LLC

Neumann Capital Management LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,622 shares of the company’s stock, valued at approximately $777,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BLDR shares. Citizens Jmp began coverage on Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating on the stock. Truist Financial dropped their target price on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Benchmark dropped their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. UBS Group set a $85.00 price target on Builders FirstSource in a research note on Thursday, October 1st. Finally, Weiss Ratings lowered Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $84.50.

Builders FirstSource Trading Up 6.3%

BLDR opened at $53.70 on Friday. 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. The company’s 50 day moving average price is $62.50 and its two-hundred day moving average price is $72.81. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 59.01, a PEG ratio of 1.62 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last released 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 business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. Builders FirstSource’s revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.38 EPS. As a group, research analysts predict that Builders FirstSource, Inc. will post 3.19 earnings per share for the current year.

About Builders FirstSource

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.