Lazari Capital Management Inc. Buys New Shares in Builders FirstSource, Inc. $BLDR

Lazari Capital Management Inc. acquired 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. The firm acquired 18,484 shares of the company’s stock, valued at approximately $1,054,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Root Financial Partners LLC raised its position 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 valued at $31,000 after buying an additional 113 shares during the last quarter. Wedbush Securities Inc. lifted its stake in shares of Builders FirstSource by 5.3% in the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock valued at $262,000 after purchasing an additional 147 shares during the last quarter. Private Advisor Group LLC lifted its position in Builders FirstSource by 5.9% in the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock valued at $238,000 after buying an additional 162 shares during the last quarter. Altshuler Shaham Ltd lifted its holdings in shares of Builders FirstSource by 2.4% in the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock worth $626,000 after acquiring an additional 180 shares during the last quarter. Finally, Mufg Securities Americas Inc. boosted its position in shares of Builders FirstSource by 5.9% during the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock worth $290,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded up $1.16 during midday trading on Tuesday, reaching $54.11. 841,683 shares of the company were exchanged, compared to its average volume of 2,530,957. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The stock has a fifty day simple moving average of $61.72 and a 200 day simple moving average of $72.43. The stock has a market cap of $5.82 billion, a P/E ratio of 59.39, a PEG ratio of 1.79 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last issued 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). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm earned $2.38 EPS. The business’s revenue was down 8.8% on a year-over-year basis. On average, research analysts forecast 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. Oppenheimer lowered their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday. Stifel Nicolaus set a $65.00 price objective on shares of Builders FirstSource in a research report on Friday, September 18th. Robert W. Baird set a $75.00 price target on Builders FirstSource in a report on Friday, July 31st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $82.25.

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.