15,184 Shares of Builders FirstSource, Inc. $BLDR Bought by Obermeyer Wealth Partners

Obermeyer Wealth Partners purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, Holdings Channel.com reports. The fund purchased 15,184 shares of the company’s stock, valued at approximately $866,000.

Several other hedge funds have also made changes to their positions in BLDR. Sunbelt Securities Inc. boosted its stake in shares of Builders FirstSource by 508.5% in 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 during the period. Root Financial Partners LLC increased its stake in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares during the period. Allworth Financial LP purchased a new stake in Builders FirstSource during the 2nd quarter worth approximately $42,000. Clark Wealth Partners acquired a new stake in Builders FirstSource during the 3rd quarter worth approximately $27,000. Finally, PFS Partners LLC acquired a new stake in Builders FirstSource during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent research reports. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Melius Research initiated coverage on Builders FirstSource in a research note on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price objective on the stock. Citigroup reiterated a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. KeyCorp decreased their target price on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Finally, UBS Group set a $85.00 target price on Builders FirstSource in a research note on Thursday, October 1st. Eight equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $82.25.

Builders FirstSource Stock Down 0.8%

Shares of Builders FirstSource stock opened at $53.51 on Thursday. 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, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The company has a market capitalization of $5.76 billion, a P/E ratio of 58.80, a P/E/G ratio of 1.76 and a beta of 1.45. The company has a 50 day moving average of $60.92 and a 200 day moving average of $72.06.

Builders FirstSource (NYSE:BLDR) last announced 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). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the company posted $2.38 earnings per share. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, research analysts forecast that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

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.