Csenge Advisory Group Acquires New Shares in Builders FirstSource, Inc. $BLDR

Csenge Advisory Group acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,201 shares of the company’s stock, valued at approximately $753,000.

A number of other institutional investors also recently bought and sold shares of BLDR. Equity Investment Corp purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth about $86,361,000. Gables Capital Management Inc. acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $125,000. D Orazio & Associates Inc. acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $204,000. New York Life Investment Management LLC increased its holdings in Builders FirstSource by 1,408.8% during the 3rd quarter. New York Life Investment Management LLC now owns 435,473 shares of the company’s stock valued at $24,826,000 after acquiring an additional 406,610 shares in the last quarter. Finally, DMKC Advisory Services LLC purchased a new position in Builders FirstSource during the 3rd quarter valued at about $4,035,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BLDR. William Blair cut shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 22nd. Loop Capital downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a report on Monday, October 26th. UBS Group lowered their price target on shares of Builders FirstSource from $88.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and an average target price of $75.55.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $60.16 on Friday. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The stock has a market capitalization of $6.47 billion, a P/E ratio of 162.60, a P/E/G ratio of 1.66 and a beta of 1.41. The firm’s 50-day moving average is $58.76 and its two-hundred day moving average is $78.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The business had revenue of $3.85 billion during 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 company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 earnings per share. Equities analysts predict that Builders FirstSource, Inc. will post 3.85 earnings per share for the current year.

Builders FirstSource Company Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.