Signal Advisors Wealth LLC Buys 54,516 Shares of Builders FirstSource, Inc. $BLDR

Signal Advisors Wealth LLC bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 54,516 shares of the company’s stock, valued at approximately $3,108,000.

A number of other institutional investors and hedge funds have also modified their holdings of BLDR. Sunbelt Securities Inc. lifted its holdings in shares of Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Builders FirstSource by 67.5% during 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 last quarter. Allworth Financial LP purchased a new stake in shares of Builders FirstSource during the second quarter valued at $42,000. Finally, Continuum Advisory LLC bought a new stake in Builders FirstSource in the 2nd quarter worth about $48,000. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BLDR. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. DA Davidson set a $68.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Wells Fargo & Company dropped their price target on shares of Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating on the stock in a report on Friday, September 11th. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Finally, Citizens Jmp began coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $84.50.

Builders FirstSource Stock Performance

BLDR stock opened at $50.46 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The company has a market cap of $5.43 billion, a P/E ratio of 55.45, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45. The stock’s fifty day moving average price is $62.87 and its 200-day moving average price is $73.00.

Builders FirstSource (NYSE:BLDR) last posted 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 for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.38 EPS. On average, equities analysts forecast that Builders FirstSource, Inc. will post 3.19 earnings per share for the current year.

About Builders FirstSource

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.