Builders FirstSource, Inc. $BLDR Shares Newly Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 98,863 shares of the company’s stock, valued at approximately $5,636,000. Sowell Financial Services LLC owned 0.09% of Builders FirstSource at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $700,934,000. Dimensional Fund Advisors LP grew its holdings 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 valued at $244,301,000 after purchasing an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Builders FirstSource in the second quarter valued at approximately $134,908,000. Pictet Asset Management Holding SA raised its holdings in Builders FirstSource by 74.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after purchasing an additional 588,987 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Builders FirstSource during the second quarter worth $83,832,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Up 1.7%

BLDR stock opened at $53.87 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The business has a 50 day moving average price of $61.29 and a two-hundred day moving average price of $72.24. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 59.20, a P/E/G ratio of 1.73 and a beta of 1.45. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.38 EPS. Analysts anticipate that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BLDR shares. KeyCorp decreased their target price on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. BMO Capital Markets restated a “market perform” rating and set a $80.00 target price on shares of Builders FirstSource in a report on Thursday, August 6th. Truist Financial lowered their price objective on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Finally, Oppenheimer cut their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $82.25.

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.