18,878 Shares in Builders FirstSource, Inc. $BLDR Acquired by Crown Wealth Group LLC

Crown Wealth Group LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 18,878 shares of the company’s stock, valued at approximately $1,076,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Builders FirstSource in the 2nd quarter worth approximately $700,934,000. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at $134,908,000. Pictet Asset Management Holding SA grew 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 position in shares of Builders FirstSource in the second quarter worth $83,832,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 3.4%

BLDR traded down $1.84 during midday trading on Monday, hitting $52.81. 2,461,255 shares of the company’s stock traded hands, compared to its average volume of 2,539,682. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The company has a market cap of $5.68 billion, a PE ratio of 58.04, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45. The stock’s fifty day simple moving average is $62.10 and its 200-day simple moving average is $72.64. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50.

Builders FirstSource (NYSE:BLDR) last posted 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). The business had revenue of $3.86 billion during 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 business’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.38 earnings per share. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent research reports. Robert W. Baird set a $75.00 price objective on Builders FirstSource in a report on Friday, July 31st. Oppenheimer reduced their price objective on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Wells Fargo & Company dropped their target price on Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Melius Research initiated coverage on Builders FirstSource in a research report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $83.54.

Builders FirstSource Company 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.