Triangle Securities Wealth Management Makes New Investment in Builders FirstSource, Inc. $BLDR

Triangle Securities Wealth Management acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 28,879 shares of the company’s stock, valued at approximately $1,646,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hudock Inc. acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth about $495,000. First Pacific Financial purchased a new stake in shares of Builders FirstSource during the third quarter worth about $368,000. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of Builders FirstSource during the third quarter worth about $771,000. Fortitude Family Office LLC raised its position in shares of Builders FirstSource by 17,745.5% in the third quarter. Fortitude Family Office LLC now owns 3,926 shares of the company’s stock valued at $224,000 after buying an additional 3,904 shares during the last quarter. Finally, Strategy Asset Managers LLC acquired a new position in shares of Builders FirstSource in the third quarter valued at approximately $143,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Truist Financial lowered their target price on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Melius Research assumed coverage on Builders FirstSource in a report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price target for the company. Finally, Robert W. Baird set a $75.00 price target on Builders FirstSource in a report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $84.50.

Builders FirstSource Stock Down 2.4%

Shares of NYSE BLDR opened at $50.46 on Thursday. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The firm has a fifty day moving average of $62.87 and a 200-day moving average of $73.00. The stock has a market capitalization of $5.43 billion, a PE ratio of 55.45, a P/E/G ratio of 1.66 and a beta of 1.45. 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 (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 for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.38 earnings per share. On average, analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

Builders FirstSource Profile

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.