New England Research & Management Inc. Makes New Investment in Builders FirstSource, Inc. $BLDR

New England Research & Management Inc. acquired a new position in shares of 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 acquired 12,102 shares of the company’s stock, valued at approximately $690,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its stake in Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the period. Root Financial Partners LLC increased its holdings in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. bought a new stake in shares of Builders FirstSource in the third quarter worth about $34,000. Versant Capital Management Inc increased its holdings in shares of Builders FirstSource by 67.5% in the third quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock worth $38,000 after acquiring an additional 270 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in shares of Builders FirstSource during the second quarter worth about $42,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Up 2.0%

Shares of NYSE BLDR traded up $1.06 during midday trading on Friday, reaching $54.74. The company’s stock had a trading volume of 2,602,922 shares, compared to its average volume of 3,699,288. The stock has a 50 day simple moving average of $62.10 and a 200-day simple moving average of $72.68. 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 stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 60.15, a PEG ratio of 1.75 and a beta of 1.45. 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 announced its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the company posted $2.38 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. Equities research analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent analyst reports. Melius Research started coverage on Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective on the stock. KeyCorp lowered their target price on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Citizens Jmp began coverage on shares of Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating on the stock. Wells Fargo & Company dropped their target price on shares of Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average price target of $83.54.

Builders FirstSource Company 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.