9,308 Shares in Builders FirstSource, Inc. $BLDR Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent filing with the SEC. The firm purchased 9,308 shares of the company’s stock, valued at approximately $531,000.

A number of other institutional investors also recently added to or reduced their stakes in BLDR. Clark Wealth Partners bought a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $27,000. PFS Partners LLC purchased a new position in Builders FirstSource during the 3rd quarter worth $28,000. Sunbelt Securities Inc. raised 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 last quarter. Root Financial Partners LLC boosted its holdings in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares in the last quarter. Finally, Sunrise Financial Services LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at about $32,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 1.1%

Builders FirstSource stock traded down $0.66 during trading on Friday, reaching $56.88. The stock had a trading volume of 2,122,536 shares, compared to its average volume of 2,361,329. The stock has a market cap of $6.12 billion, a PE ratio of 62.51, a P/E/G ratio of 1.91 and a beta of 1.45. The business has a 50 day moving average price of $60.29 and a 200 day moving average price of $71.80. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data 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 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 analyst estimates of $3.91 billion. During the same period in the prior year, the company posted $2.38 earnings per share. The company’s revenue was down 8.8% compared to the same quarter last year. On average, analysts predict that Builders FirstSource, Inc. will post 3.07 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Benchmark cut their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Citizens Jmp started coverage on Builders FirstSource in a report on Friday, August 21st. They issued a “market perform” rating for the company. Stifel Nicolaus set a $65.00 target price on shares of Builders FirstSource in a research note on Friday, September 18th. DA Davidson set a $68.00 price target on shares of Builders FirstSource in a research note on Friday, July 31st. Finally, KeyCorp decreased their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Eight investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.