Sweeney & Michel LLC Acquires 18,299 Shares of Builders FirstSource, Inc. $BLDR

Sweeney & Michel LLC bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, Holdings Channel reports. The firm bought 18,299 shares of the company’s stock, valued at approximately $1,043,000.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at $700,934,000. Dimensional Fund Advisors LP grew its stake in shares of Builders FirstSource by 12.3% during the 1st 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 period. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Builders FirstSource during the 2nd quarter worth $134,908,000. Pictet Asset Management Holding SA increased its holdings in Builders FirstSource by 74.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after acquiring an additional 588,987 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in Builders FirstSource in the 2nd quarter worth about $83,832,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

NYSE:BLDR traded up $1.06 during trading hours on Friday, hitting $54.74. The stock had a trading volume of 2,602,922 shares, compared to its average volume of 3,699,288. The company has a 50 day simple moving average of $62.10 and a two-hundred day simple moving average of $72.68. 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 one year low of $49.67 and a one year high of $131.50. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 60.15, a P/E/G ratio of 1.75 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the company posted $2.38 EPS. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. Research analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada lowered their price objective on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. KeyCorp cut their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Stifel Nicolaus set a $65.00 target price on shares of Builders FirstSource in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Finally, DA Davidson set a $68.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average target price of $83.54.

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.