Yarbrough Capital LLC Acquires New Stake in Builders FirstSource, Inc. $BLDR

Yarbrough Capital LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 37,485 shares of the company’s stock, valued at approximately $2,137,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. increased its holdings in shares of 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 purchasing an additional 300 shares during the period. Root Financial Partners LLC raised its stake in shares of 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 purchasing an additional 113 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Builders FirstSource during the second quarter worth $42,000. Clark Wealth Partners acquired a new stake in shares of Builders FirstSource during the third quarter worth $27,000. Finally, Continuum Advisory LLC purchased a new position in Builders FirstSource in the 2nd quarter valued at $48,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BLDR shares. Truist Financial lowered their price objective on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Wells Fargo & Company reduced their target price on shares of Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday. Barclays lowered their target price on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, Royal Bank Of Canada dropped their price target on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.54.

Builders FirstSource Price Performance

NYSE:BLDR traded down $1.84 during trading hours on Monday, hitting $52.81. The company’s stock had a trading volume of 2,461,255 shares, compared to its average volume of 2,539,682. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The business’s 50-day moving average is $62.10 and its two-hundred day moving average is $72.64. The company has a market capitalization of $5.68 billion, a PE ratio of 58.04, a PEG ratio of 1.79 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last issued 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 company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. Builders FirstSource’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.38 earnings per share. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

About Builders FirstSource

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.