Abel Hall LLC Purchases 11,306 Shares of Builders FirstSource, Inc. $BLDR

Abel Hall LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,306 shares of the company’s stock, valued at approximately $645,000.

A number of other institutional investors have also made changes to their positions in the stock. Sunbelt Securities Inc. lifted 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 buying an additional 300 shares during the period. Root Financial Partners LLC boosted its holdings in Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares during the last quarter. Allworth Financial LP bought a new position in Builders FirstSource during the second quarter worth about $42,000. Clark Wealth Partners acquired a new position in shares of Builders FirstSource during the 3rd quarter worth about $27,000. Finally, Continuum Advisory LLC acquired a new position in shares of Builders FirstSource during the 2nd quarter worth about $48,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of recent analyst reports. Weiss Ratings cut Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. Melius Research assumed coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price target on the stock. Stifel Nicolaus set a $65.00 price objective on shares of Builders FirstSource in a research note on Friday, September 18th. Oppenheimer reduced their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Citizens Jmp assumed coverage on shares of Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating for the company. Nine research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.54.

Builders FirstSource Trading Down 3.4%

Builders FirstSource stock traded down $1.84 during mid-day trading on Monday, hitting $52.81. 2,461,255 shares of the company’s stock were exchanged, compared to its average volume of 2,539,682. The firm has a market capitalization of $5.68 billion, a P/E ratio of 58.04, a PEG ratio of 1.79 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. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The company’s 50 day simple moving average is $62.10 and its 200-day simple moving average is $72.64.

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). 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 the consensus estimate of $3.91 billion. During the same quarter in the prior year, the firm posted $2.38 earnings per share. The business’s revenue was down 8.8% on a year-over-year basis. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 3.13 earnings per share for the current 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.