Simplicity Wealth LLC Buys New Shares in Builders FirstSource, Inc. $BLDR

Simplicity Wealth LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 74,818 shares of the company’s stock, valued at approximately $4,265,000. Simplicity Wealth LLC owned about 0.07% of Builders FirstSource as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in BLDR. Harbor Island Capital LLC acquired a new stake in Builders FirstSource in the 3rd quarter worth about $12,524,000. Nisa Investment Advisors LLC increased its stake in shares of Builders FirstSource by 40,460.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock valued at $41,761,000 after acquiring an additional 730,723 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Builders FirstSource during the 2nd quarter worth about $700,934,000. Louisbourg Investments Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter worth about $1,949,000. Finally, CWA Asset Management Group LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter worth about $829,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $56.88 on Monday. The firm has a market capitalization of $6.12 billion, a PE ratio of 62.51, a P/E/G ratio of 1.89 and a beta of 1.45. 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 business has a 50-day moving average of $60.29 and a two-hundred day moving average of $71.73. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion during 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%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.38 earnings per share. As a group, research analysts forecast that Builders FirstSource, Inc. will post 3.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BLDR. Wells Fargo & Company lowered 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 report on Friday, October 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Stifel Nicolaus set a $65.00 price target on shares of Builders FirstSource in a research note on Friday, September 18th. Melius Research assumed coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They set a “sell” rating and a $52.00 price target on the stock. Finally, Royal Bank Of Canada decreased their price target on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $82.25.

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.