Claro Advisors Inc. Makes New Investment in Builders FirstSource, Inc. $BLDR

Claro Advisors Inc. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,050 shares of the company’s stock, valued at approximately $687,000.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Builders FirstSource in the 2nd quarter valued at about $700,934,000. Dimensional Fund Advisors LP lifted its position in Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after acquiring an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource during the second quarter worth approximately $134,908,000. Bank of America Corp DE bought a new stake in shares of Builders FirstSource during the second quarter worth approximately $83,832,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Builders FirstSource in the third quarter valued at approximately $48,738,000. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citizens Jmp began coverage on Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating for the company. Wells Fargo & Company upped their price objective on Builders FirstSource from $55.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, October 30th. Benchmark lowered their price objective 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. William Blair downgraded Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday, October 22nd. Finally, Loop Capital cut shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 target price for the company. in a research report on Monday, October 26th. Seven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Trading Down 4.7%

Shares of Builders FirstSource stock traded down $3.08 on Friday, hitting $62.42. The stock had a trading volume of 2,438,293 shares, compared to its average volume of 2,799,644. The stock has a 50 day moving average of $58.94 and a 200 day moving average of $79.21. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. The firm has a market capitalization of $6.72 billion, a P/E ratio of 168.72, a PEG ratio of 2.11 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.06 by $0.45. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.88 EPS. Sell-side analysts expect that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Builders FirstSource Company 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.