Uncommon Cents Investing Inc Buys New Position in Builders FirstSource, Inc. $BLDR

Uncommon Cents Investing Inc bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 110,409 shares of the company’s stock, valued at approximately $6,294,000. Builders FirstSource accounts for about 1.3% of Uncommon Cents Investing Inc’s investment portfolio, making the stock its 16th largest holding. Uncommon Cents Investing Inc owned approximately 0.10% of Builders FirstSource as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clark Wealth Partners acquired a new position in shares of Builders FirstSource during the 3rd quarter valued at $27,000. Sunbelt Securities Inc. raised its stake in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after buying an additional 300 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. acquired a new stake in shares of Builders FirstSource in the third quarter valued at $34,000. Finally, Versant Capital Management Inc lifted 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 valued at $38,000 after buying an additional 270 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $53.87 on Wednesday. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The stock has a fifty day moving average of $61.29 and a 200-day moving average of $72.24. The company has a market capitalization of $5.80 billion, a PE ratio of 59.20, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data 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). The company had revenue of $3.86 billion for 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% compared to the same quarter last year. During the same period in the prior year, the business earned $2.38 earnings per share. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BLDR. Robert W. Baird set a $75.00 target price on Builders FirstSource in a research note on Friday, July 31st. Truist Financial dropped their price target 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. Citizens Jmp assumed coverage on shares of Builders FirstSource in a report on Friday, August 21st. They issued a “market perform” rating for the company. Stifel Nicolaus set a $65.00 price objective on shares of Builders FirstSource in a research report on Friday, September 18th. Finally, UBS Group set a $85.00 price objective on shares of Builders FirstSource in a research report on Thursday, October 1st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.